Major Bitcoin holders have significantly expanded their positions over a four-month period, accumulating approximately 218,570 BTC – equivalent to nearly 1% of Bitcoin’s circulating supply. This acquisition came despite selective profit-taking activities, including a single-day whale transaction involving $9 billion worth of BTC.
These large stakeholders, defined as wallets holding between 10 to 10,000 BTC, increased their collective holdings by 0.9%. Despite the high-value disposals, Bitcoin maintains strong profitability metrics with 97% of its circulating supply currently held at a profit.
Concurrently, whales are broadening their cryptocurrency exposure beyond Bitcoin. Notable diversifications include Ethereum investments like SharpLink Gaming’s $780 million allocation and strategic positions in meme coins such as PEPE and WIF, signaling a wider asset distribution strategy.
Bitcoin currently trades near $118,556 with daily volumes climbing to $44 billion, showing relative price stability. The broader crypto market witnessed volatility, briefly surpassing $4 trillion in total capitalization before retracing to approximately $3.44 trillion.