Bitcoin Whales Hoard Nearly 190K BTC Amid Price Pressure

Whale wallets holding large amounts of Bitcoin (BTC) have accumulated nearly 190,000 BTC over the past eight months, surpassing 3 million BTC. This significant rebound from a low of approximately 2.87 million BTC in December 2025 suggests that top holders are positioning themselves during the current downturn.

The buying spree intensified after Bitcoin slipped below $60K in June 2026, with CryptoQuant head of research Julio Moreno describing this behavior as 'the final phase of the cycle's decline.'

While whale holdings have increased, they still sit below the 2025 bull market peak of approximately 3.23 million BTC, indicating that these large players haven't yet gone all-in.