Whale Divergence Drives Bitcoin's September Floor to $64,000

Whale divergence and supply shifts are shaping Bitcoin's $64,000 September floor. Over the last 60 days, whales scooped up 66,700 BTC, marking the highest buying activity from this group since February. Meanwhile, smaller traders with 100 to 1,000 BTC sold 77,800 BTC in that same period.

This divergence shows Bitcoin changing hands as large holders absorbed supply while mid-sized holders exited. The market exhibits a clear split.

Large holders with 10,000 to 100,000 BTC increased their holdings over the last 90 days, coinciding with a sharp drop in futures market open interest during tariff-driven liquidations earlier this year. This signals a shift in market structure.

The 14-day RSI is at 50.36.