Bitcoin Whales Accumulate Record Amount of BTC Amid Mid-Sized Holder Sales

Bitcoin whales have been accumulating large amounts of BTC over the past two months, with approximately 66,700 BTC added to their wallets since the beginning of June.

This buying activity has coincided with mid-sized holders selling nearly 77,800 BTC during the same period, effectively transferring supply to larger wallets.

CryptoQuant's Amr Taha notes that sustained purchases by larger holders reduce the amount of Bitcoin readily available for trading, particularly when smaller investor groups continue selling.