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Whales Go Wild: Bitcoin’s Mega-Buyers Fuel Rally Toward Record Highs

Whales Go Wild: Bitcoin’s Mega-Buyers Fuel Rally Toward Record Highs

Author:
Coindesk
Published:
2025-07-31 10:39:30
19
3

Bitcoin's big-money players are making waves again—and this time, they're pushing the market toward uncharted territory.

Whale watch: On-chain data shows a surge in large transactions as BTC builds momentum. The sharks are circling, and retail traders are scrambling to ride the wave.

Institutional FOMO meets crypto's natural volatility—just another day in the casino we call global finance.

Number of entities with balance of 1k BTC (Glassnode)

In addition, the Accumulation Trend Score, a key on-chain metric, reveals that not only are whales accumulating aggressively, but so are the smallest holders, known as shrimps, who own less than 1 BTC. This buying pressure highlights a rare moment of alignment between retail and institutional investors.

The metric breaks down accumulation strength by wallet size and recent acquisition behavior over a 15-day period. A score closer to 1 suggests strong accumulation, while a value NEAR 0 indicates distribution. Entities such as exchanges and miners are excluded to focus on genuine investor sentiment.

Importantly, this level of sustained accumulation across all cohorts has not been seen since November 2024, during President Trump's re-election. That period marked a sharp uptick in bullish sentiment and price momentum that saw Bitcoin claim $100,000.

Given the broad-based accumulation and the psychological boost of renewed whale interest, market observers could be increasingly confident that bitcoin is poised to challenge and potentially surpass its all-time high in the near future.

Accumulation Trend Score By Cohort (Glassnode)

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