Fresh insights into Bitcoin (BTC) whale activity reveal that an increasing number of large holders are accumulating the top digital asset at a record pace. In particular, BTC held by so-called “new whales” has surged over the past three months, signalling a potential supply squeeze on the horizon.
New Bitcoin Whales Accumulating Rapidly
According to a recent CryptoQuant Quicktake post by contributor onchained, a new cohort of Bitcoin whales – wallets holding more than 1,000 BTC with an average coin age of less than six months – has been accumulating the flagship cryptocurrency at an unprecedented rate.
The analysis highlights the “Supply Held by New Whales” metric, which filters out long-dormant cold wallets to focus on recent buying and selling activity. Several noteworthy trends have emerged between March and June 2025.
First, the number of BTC holdings with these new whales has more than doubled from approximately 500,000 to 1.1 million. This is an increase of close to 600,000 BTC worth about $63 billion at current market prices.
The supply share of these new whales has also jumped from 2.5% to 5.6%, a notable rise of 3.1%. For perspective, that’s equivalent to about 10 months’ worth of mining output effectively removed from Bitcoin’s circulating supply.
This accumulation behavior has multiple implications. For one, it indicates renewed conviction in Bitcoin, given that these are freshly acquired coins rather than older ones being shuffled between wallets.
It also suggests a shifting sentiment among investors, as aggressive and well-capitalized buyers position themselves ahead of potential bullish catalysts such as increased ETF inflows and anticipated interest rate cuts.
Moreover, it points to a possible supply crunch, underscored by the rapid absorption of newly minted BTC. Historically, such swift accumulation has often preceded periods of heightened upside volatility.
The CryptoQuant analyst also noted several key metrics worth monitoring, including exchange inflows and outflows from this cohort for early signs of profit-taking. ETF creation basket activity should also be tracked to confirm ongoing institutional demand.
New BTC Rally Soon?
Recent macroeconomic indicators suggest that a Bitcoin rally may be on the horizon. Historically, BTC has tended to follow gold’s price movements and shifts in M2 money supply – both of which are currently aligning with bullish expectations.
Meanwhile, institutional interest continues to grow at a rapid pace. The Blockchain Group recently acquired 624 BTC, and Metaplanet made a significant purchase of 1,088 BTC, propelling its total holdings to 8,888 BTC. As the time of writing, Bitcoin is trading at $105,529, down 1.3% over the past 24 hours.
Featured Image from Unsplash.com, charts from CryptoQuant and TradingView.com
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