Whales Keep Stacking Bitcoin While Mid Holders Reconsider

• Whales holding over 10K BTC continue accumulating, signaling strong long-term confidence in market fundamentals.
• Medium-sized holders begin shifting from distribution to potential accumulation, possibly following whale behavior.

Bitcoin’s big holders don’t seem to have stopped accumulating. The latest data from Glassnode shows that whales holding more than 10,000 BTC are maintaining a strong accumulation trend, with a score approaching 0.7. This means that they are not just watching, but are actually continuing to add to their coffers.

In the midst of a market full of uncertainty, a move like this not only reflects long-term confidence, but also sends a strong signal to other market players.

Whales holding >10K $BTC maintain a strong accumulation trend (~0.7), continuing to lead the market. Smaller cohorts – from <1 $BTC to 100 $BTC – are easing off their distribution, with the 10–100 $BTC group now hovering around 0.5, hinting at a potential pivot toward… pic.twitter.com/DOYWAMch0G

— glassnode (@glassnode) April 18, 2025

Whale Influence Triggers Shift Among Medium Bitcoin Wallets

Interestingly, a change in attitude is also seen in the group of medium-sized BTC holders, especially those in the range of 10 to 100 BTC. If previously they were more involved in distribution, now the data is starting to show a potential reversal. The accumulation score for this group is at 0.5, which historically can be interpreted as a neutral point or even an early signal for accumulation again.

Furthermore, Glassnode figures show that the number of addresses holding between 1,000 and 10,000 BTC has risen from 1,944 to 2,014 since the beginning of March.

This is the highest level since April last year. In real terms, this is the equivalent of a group of super-rich people suddenly adding large amounts of land to a quiet neighborhood—because they know something that most people don’t.

Big Players Quietly Shift Funds Off Exchanges

Meanwhile, there have been big moves on exchanges. On April 16, a whale withdrew 3,704 BTC from Kraken, worth around $315 million. Not only that, there were also 2,372 BTC withdrawals from Binance and Kraken. All told, it’s like someone took the entire contents of a safe and put it in a safer place. The message is clear: they’re not looking to sell anytime soon.

What’s even more interesting is that this comes shortly after a CNF report in mid-March revealed that whales and sharks actually reduced their holdings by more than 57,000 BTC in a week. But, at that time, the group with more than 10 BTC actually accumulated around 5,000 BTC. This kind of strategy difference often appears before a major market movement.

Currently, Bitcoin is trading around $85,116.47 with a daily increase of 0.57%. Its transaction volume has reached $13.21 billion. Although fluctuations are still felt, the direction of its movement is starting to be read. If this accumulation trend continues, it is not impossible that the market will see a new phase controlled by those who continue to add secretly.

Just imagine if this trend continues until next quarter. When the majority are still hesitant and prefer to wait, the big holders are ready to run first.

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