12-9-2025 – Bitcoin whales, holding 10 to 10,000 BTC, have accumulated over 202,000 BTC in the past six months, signaling strong confidence in the cryptocurrency’s future, according to a new report from Santiment, first reported by Bitcoin Sistemi.
This accumulation, which now accounts for over 68% of Bitcoin’s circulating supply, has been a key driver of recent price movements, with whale activity peaking before July’s record highs. In contrast, small investors with less than 1 BTC have been steadily reducing their holdings, making only limited purchases during price dips.
Santiment notes that while whale wallets have grown significantly, retail selling reflects caution, potentially amplifying market volatility. Bitcoin ETF inflows also surged, with $720.6 million recorded yesterday—the highest since mid-July—indicating robust institutional interest amid whale accumulation.
