Cryptoquant analyst Amr Taha noticed a divergence between these two bitcoin ownership blocks that might be bullish into the future, signaling sustained demand from large holders. Wallets holding between 1K and 10K BTC increased their holdings by 66.7K BTC in the last 60 days.
Key Takeaways
Large Bitcoin whales accumulated 66,700 BTC while mid-tier owners aggressively sold off their holdings.This supply shift to larger wallets signals a positive medium-term outlook by reducing available Bitcoin.Strategy paused its Bitcoin purchases to raise $263.5 million through stock sales for future allocation.“Historically, sustained accumulation by larger holders can reduce the amount of immediately available supply, particularly when it occurs during periods of aggressive distribution from smaller cohorts,” Taha explained.
Finally, Taha concluded that while this behavior does not confirm the next price direction, “the current transfer of supply toward larger wallets presents a potentially constructive medium-term signal for bitcoin.”
