Bitcoin’s whale activity has surged in recent weeks, with wallets holding 100 or more BTC growing by 297, an increase of 1.9%. Meanwhile, smaller wallets—those holding less than 100 BTC—declined by 20,629, down 0.1%.
This trend shows that large holders are accumulating, a potential signal of bullish sentiment as whales absorb coins sold by smaller investors.
🐳 Bitcoin's whale wallets, which we can define loosely as 100 or more BTC, have grown by 297 wallets (+1.9%) in just the past 2 weeks.
🐟 During the same timeframe, the amount of wallets with under 100 BTC has shrunk by 20,629 wallets (-0.1%).
📈 As the largest key… pic.twitter.com/OZMEvopB6Y
— Santiment (@santimentfeed) October 25, 2024
Over the last month, net capital inflows to Bitcoin reached $21.8 billion, or a 3.3% rise, pushing Bitcoin’s Realized Cap to a new high of $646 billion. This influx suggests increased liquidity and strong buying interest, which has supported Bitcoin’s recent price climb.
Net capital inflows into Bitcoin rose by $21.8B (+3.3%) in 30 days, driving the Realized Cap to a record $646B. This highlights increased liquidity and strong inflows supporting Bitcoin's recent price surge. pic.twitter.com/3GuLO8bOXq
— Kyledoops (@kyledoops) October 24, 2024
The Bitcoin Futures Sentiment Index has also shown three significant peaks recently, coinciding with local price highs. Historically, such sentiment spikes often precede corrections, signaling a possible short-term pullback as trader optimism hits a peak.
The $BTC Futures Sentiment Index reveals three sharp peaks, highlighted in red, where traders are riding high on optimism, coinciding with local price tops.
These sentiment spikes often precede price drops, suggesting that when futures are overly bullish, Bitcoin is likely… pic.twitter.com/8lAYE2C7fn
— Kyledoops (@kyledoops) October 25, 2024
A significant development has been BlackRock’s iShares Bitcoin Trust (IBIT) increasing its holdings, now accounting for over 2% of Bitcoin’s circulating supply. In the last nine trading days alone, BlackRock has added 29,714 BTC to its holdings, a purchase worth nearly $1.99 billion. Currently, IBIT’s holdings total 399,355 BTC, approximately $27.16 billion in value.
BlackRock's iShares Bitcoin Trust (IBIT) now holds over 2% of the $BTC circulating supply.
Notably, #BlackRock has been buying #Bitcoin for 9 consecutive trading days, totaling 29,714 $BTC ($1.99B).
This brought this ETF’s current holdings to 399,355 $BTC ($27.16B), or over 2%… pic.twitter.com/irnmq74Cjc
— Spot On Chain (@spotonchain) October 25, 2024
Bitcoin Spot ETFs Recorded Net Inflow Of $188 Million
On October 24, Bitcoin spot ETFs saw a net inflow of $188 million, with only one outflow day since October 11. BlackRock’s IBIT drove most of this activity, contributing $166 million of the inflows.
Bitcoin spot ETF had a total net inflow of $188 million on October 24, and only one day of net outflow since October 11, with BlackRock ETF IBIT inflow of $166 million. Ethereum spot ETF had a total net inflow of $2.3001 million.https://t.co/59u0BnEqLG pic.twitter.com/OJcWj8GVyr
— Wu Blockchain (@WuBlockchain) October 25, 2024
As these large-scale acquisitions by major players continue, their influence on Bitcoin’s price movement becomes more pronounced. With more investors closely watching these trends, whale accumulation and large ETF inflows are expected to impact Bitcoin’s trajectory in the coming months.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any stocks.
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