Over the past three months, wallets created within the last six months that now hold at least 1,000 BTC have seen their total holdings more than double. These “new whales” now control over 1.1 million BTC, up from 500,000 BTC in early March, effectively removing a supply equivalent to nearly 10 months of Bitcoin mining from circulation.
Unlike long-standing cold storage wallets, these addresses reflect recent capital inflows and are not simply recycling old coins. CryptoQuant’s analysts note that the average age of holdings in these wallets is low, reinforcing the idea that new money is entering the market, rather than internal redistribution by existing players.
This accumulation trend is compressing Bitcoin’s liquid supply, a dynamic often associated with impending price surges. Similar patterns have historically preceded sharp upward movements, driven by demand shocks and supply scarcity.
Analysts speculate this wave of institutional-sized buying may be in anticipation of macro catalysts—such as interest rate cuts or inflows into newly launched Bitcoin ETFs—that could amplify crypto’s appeal in the coming months.
As the market watches for the next move, the stealth buildup by deep-pocketed buyers may be setting the stage for a volatile and bullish phase.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/new-bitcoin-whales-quietly-absorb-massive-supply-analysts-say/