Bitcoin Whales Control 68.44% of Total Supply After Recent Accumulation

Whale addresses holding 10 to 10,000 BTC have increased their holdings significantly, accumulating 218,570 BTC since late March. This represents 0.9% of the total supply. These wallets now control 68.44% of all BTC, indicating long-term accumulation trends.

Market sentiment has shifted positively; the fear and greed index rose from below 20 in mid-March to 62, indicating greed as BTC trades near $119,000.
Despite a correction to $116,000 on July 30, overall sentiment remains strong.
Centralized exchanges reported a net outflow of 20,258 BTC in the past 24 hours, with Coinbase leading at 12,105 BTC.
Ethereum also faced significant outflows, totaling 768,670 ETH, with Coinbase accounting for 479,000 ETH withdrawals.
This occurs amid the US Federal Reserve's pause on interest rate cuts, currently set at 4.5%.