Bitcoin Whales Are Quietly Amassing Unprecedented Market Control—Here’s Why It Matters

The crypto market's biggest players are moving in stealth mode—and their accumulation spree could reshape Bitcoin's trajectory.

While retail traders chase memecoins, the whales are playing chess. Their growing dominance isn't just about price moves—it's about who really controls the game.

When the tides turn (and they always do), these underwater giants will surface with enough leverage to move markets on a whim. Just another day in decentralized finance—where the big fish still eat the small.

$118,621 whales have quietly amassed 218,570 BTC, representing an additional control of 0.9% of the circulating supply. According to data provided by Santiment, wallets holding between 10 and 10,000 BTC now dominate 68.44% of the Bitcoin supply, highlighting a marked trend in long-term accumulation. As market sentiment rapidly recovers thanks to these whale acquisitions, Bitcoin traded around $119,000 as of July 31st.

ContentsBitcoin Whales Ignite the Market AgainExchange Withdrawals and Retail Investor Attention

Bitcoin Whales Ignite the Market Again

The whale-level investor group’s acquisitions in bitcoin have continued unabated since March 25. Santiment reported that these wallets accumulated 218,570 BTC within just four months, categorizing this as “long-term accumulation.” Consequently, whales have become the dominant force, managing nearly two-thirds of the ecosystem.

Crypto Traders Are Rushing to This App – Here’s Why You Should Too

Sentiment in the market has shown a significant shift during the same period. The crypto Fear and Greed Index, which was lingering below 20 in mid-March, bounced back with whale entries at the start of April and settled at 62 points, indicating “greed” by the end of July. Experts attribute this behavioral shift to a “supply squeeze” created as large wallets absorb liquidity.

Exchange Withdrawals and Retail Investor Attention

Despite a correction to $116,000 on July 30, investor appetite remained strong. Data from Coinglass indicates that 20,258 BTC were withdrawn from centralized exchanges in the last 24 hours. The Coinbase exchange alone witnessed an exit of 12,105 BTC. Similarly, there was a withdrawal of 768,670 ETH from exchanges, with 479,000 moved from Coinbase and 140,000 from Binance.

Experts note that retail investors are also participating in this trend. As the Fed keeps its policy interest rate steady at 4.25-4.5%, creating stable liquidity conditions, investors are reassessing their risk perceptions. The steep decline in exchange balances reveals that both institutional and retail wallets are continuing to adopt a “hold-and-store” strategy.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.