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Bitcoin whales accumulate 104,340 BTC amid market volatility
Recent blockchain data reveals that large Bitcoin holders, or "whales," have increased their holdings despite price fluctuations. Key insights include:
- Wallets with at least 1,000 BTC added 104,340 BTC recently.
- Total supply in these wallets reached 7.17 million BTC, the highest since September 2025.
- Mid-sized holders also increased their holdings by approximately $3.21 billion worth of Bitcoin between January 10 and January 19.
- Retail investors offloaded about 132 BTC, valued at around $11.66 million.
Market Activity
- Large transfers worth $1 million or more have risen to a two-month high, indicating active network participation by big players.
- The activity is linked to institutions and wealthy individuals moving coins among custody, exchanges, and private wallets.
Price Movement
- Bitcoin’s price ranged from $86,500 to $87,500, trading around $87,730.
- It decreased by 0.5% over 24 hours and 5.4% over the previous week.
- Increased trading volumes suggest some investor interest at current levels.
Macro Risks
- Geopolitical concerns include US military movements near tense regions and possible conflict with Iran.
- Trade disputes with Canada could elevate market uncertainty and affect risk appetite.
- There is a >70% chance of a US government shutdown, according to Polymarket.
While on-chain accumulation hints at potential support for future rallies, external factors like geopolitical tensions and trade issues contribute to market volatility.
Image sourced from Unsplash, chart from TradingView.
Authors credited by the source: Christian Encila
Published by Holder based on an external source.
