Bitcoin’s Biggest Holders Scoop Up Nearly 89,000 BTC in Just One Month

Bitcoin accumulation is gaining momentum among large holders, even as ETF demand weakens and corporate treasuries become less willing to expand holdings. Bitcoin dipped below $81,400 on Tuesday. Despite ongoing market uncertainty, the largest holders of the crypto asset have been stacking up. According to Santiment, wallets holding between 10 and 10,000 BTC have accumulated around 88,987 units in just one month. Holders Keep Loading Up The buying spree began on September 19. The combined holdings of this cohort have now climbed above 13.69 million BTC, reaching a level not seen in the past six months. This trend puts whale activity back in focus. Santiment noted that these wallets have historically tracked closely with Bitcoin’s major price movements, and their growing balances suggest large holders are increasing exposure rather than cutting back during volatility. But accumulation alone does not guarantee a rally. If the trend continues, it could offer support for Bitcoin’s price outlook. Given BTC’s influence on the wider crypto market, steady buying from these holders could also help strengthen confidence. But growing whale balances do not fully explain Bitcoin’s struggle to br...