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.

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.

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.

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.

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.

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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