Bitcoin’s Big Players Gobble Up Supply—Are We Primed for a Price Explosion?

Crypto’s heavy hitters aren’t just dipping toes—they’re diving headfirst into Bitcoin accumulation. On-chain data shows wallets holding 100+ BTC (the so-called ’sharks and whales’) have added over 150,000 coins since January. That’s $10B+ worth of dry powder at current prices.

What’s driving the feeding frenzy? Institutional FOMO meets post-halving scarcity. With the 2024 supply cut now baked in, megaholders appear to be front-running what they see as inevitable demand surges. ’This isn’t your 2017 retail pump,’ notes one trader. ’These are cold-blooded bets on structural scarcity—and Wall Street’s usual bagholders getting left behind.’

Technical indicators flash bullish too. The 200-day moving average just turned upward for the first time since the last ATH cycle. Meanwhile, exchange reserves hit a 5-year low as coins vanish into cold storage. ’When supply gets this tight,’ quips a market maker, ’even a hedge fund intern’s coffee budget could move the needle.’

Of course, no crypto rally comes without caveats. Macro headwinds loom, and regulators still haven’t decided whether Bitcoin is a security, a commodity, or their personal piñata. But for now? The whales are voting with their wallets—and their votes look awfully green.

Bitcoin Investors With 10 to 10,000 BTC Have Expanded Holdings Recently

In a new post on X, the on-chain analytics firm Santiment has talked about the latest trend in the supply held by Bitcoin’s key investors: those holding between between 10 and 10,000 BTC.

At the current exchange rate, this range converts to $1 million at the lower end and $1 billion at the upper end. Thus, the only investors who WOULD be able to qualify for it would be the ones with substantial holdings. Generally, the influence of any entity in the market goes up the more supply that they control, so the holders belonging to this range would hold an important place in the ecosystem. Collectively, these investors are popularly known as the sharks and whales.

Now, here is the chart shared by the analytics firm, which shows the trend in the Supply Distribution for the sharks and whales, an indicator that tracks the combined supply held by members of these cohorts:

As displayed in the above graph, the bitcoin sharks and whales have seen their Supply Distribution go up recently, which suggests these large investors have been expanding their holdings. More specifically, the investors falling in the 10 to 10,000 BTC range have added around 83,100 tokens to their wallets over the past month. This accumulation hasn’t come in a constant manner, however, as these investors in fact reduced their supply for a period earlier in the month.

This selling from the cohorts followed BTC’s recovery beyond $97,000, so it’s likely that the motive behind it was profit-taking. From the chart, it’s also visible that this selloff resulted in a pullback for the cryptocurrency.

During the latest renewal of bullish momentum, the sharks and whales have again resumed their Bitcoin accumulation and have notably surpassed their holdings from the earlier peak. So far, the groups have shown no signs of profit-taking, which can naturally be a bullish sign for the rally’s sustainability.

In the same chart, Santiment has also attached the data for the Supply Distribution of the investors carrying less than 0.1 BTC. Interestingly, these investors have been selling while the sharks and whales have gone through accumulation.

This could be an indication that the shrimps believe the top could be in soon. Given the accumulation from the large investors, though, the analytics firm notes, “it may be a matter of time until Bitcoin’s coveted $110K all-time high level is breached, particularly after the U.S. & China tariff pause.”

BTC Price

At the time of writing, Bitcoin is trading around $103,800, up 11% in the last seven days.