Bitcoin Whales Split: Giant Addresses Continue Accumulating, Mid-Sized Holders Accelerate Selling

Crypto analyst Amr Taha has noted a clear divergence in recent dynamics among Bitcoin holders: large whales continue accumulating Bitcoin, while medium-sized wallets are selling off at an accelerating pace. Specifically, wallets holding 1,000 to 10,000 BTC added a net ~66,700 BTC over the past 60 days, near the 68,000 BTC level set on June 16. By contrast, wallets holding 100 to 1,000 BTC recorded a net sell-off of roughly 77,800 BTC, marking one of the most aggressive sell-off periods in current data. Historical data shows that the behavior of wallets holding 100 to 1,000 BTC aligns with key short-term market turning points. On April 25, this group’s net accumulation exceeded 92,000 BTC. About 10 days later, Bitcoin entered a short-term correction, ultimately falling around 29%. Amr Taha argues that continued accumulation by large holders reduces immediately available supply, particularly during periods when smaller groups are actively distributing Bitcoin. While group data alone cannot determine future price trends, the current shift of supply toward large wallets may signal positive mid-term momentum for Bitcoin.