Bitcoin Whales Stop Selling: 290,000 BTC Supply Drop

• Bitcoin whales reduced supply by 290,000 BTC over five months.
• Wallets with over 1,000 BTC are showing accumulation.
• Market sentiment may shift with reduced selling pressure.

Bitcoin Whales Pause Selling

Over the last five months, the supply of Bitcoin from major holders has dropped significantly. On-chain data shows a reduction of approximately 290,000 BTC from these key players. This decline suggests that Bitcoin whales, those holding more than 1,000 BTC, have put a pause on selling.

The term “whales” refers to large-scale holders whose actions often influence the market. When whales stop offloading their Bitcoin, it typically signals a shift in market sentiment — a bullish sign indicating confidence in the asset’s long-term value.

Accumulation Trend Among Large Holders

Recent data reveals that wallets with balances exceeding 1,000 BTC are steadily increasing their holdings. This uptick in accumulation follows months of selling, highlighting a strategic move by whales to stockpile Bitcoin.

This behavior can create a supply squeeze, as fewer Bitcoins become available for trading. Historically, reduced supply alongside sustained demand has contributed to price increases.

What This Means for the Market

With whales ceasing their sell-offs and transitioning to accumulation, Bitcoin’s price stability could improve. Investors and traders often monitor whale activity as a key indicator of market direction. If this trend continues, it could lead to renewed bullish momentum in the market.

While external factors like macroeconomic conditions and regulatory developments still play a role, the current accumulation trend is a notable development worth watching.