Bitcoin Whales Scoop Up Over $127M as Retail Sells
The Bitcoin price has been trading within a narrow range around $65,000, but on-chain data suggests large investors are quietly accumulating despite cautious retail sentiment.
Fresh whale transactions worth over $127 million indicate growing confidence among institutional players. Multiple newly created wallets received substantial BTC transfers from leading crypto institutions and exchanges, indicating that high-net-worth investors may be positioning for a larger move.
Santiment data shows that wallets holding between 10 and 10,000 BTC have increased their holdings by 0.34% since July 29, while wallets holding less than 0.01 BTC have reduced their Bitcoin holdings by 0.59% over the same period.
The movement of large amounts of BTC into newly created wallets is often interpreted as a sign of long-term accumulation rather than preparation for near-term selling. The on-chain activity points to sustained accumulation by major market participants.