Bitcoin whales buy 43,000 BTC after months of selling

CryptoQuant data shows large bitcoin holders-wallets that exclude exchanges and mining pools-added roughly 43,000 BTC over the past 60 days, valued at about $2.75 billion to $2.9 billion. The accumulation reverses months of net selling by the same cohort.

The buying began after bitcoin fell toward $60,000 and continued as the price climbed back toward $65,000, where it has largely traded in a $62,000 to $65,000 band.

CryptoQuant classifies the largest non-exchange wallets as “whales.” The dataset also shows balances among “dolphins,” mid-sized holders, increased over the same period, indicating accumulation beyond the biggest wallets.

August spot trading volumes were at their lowest monthly level since August 2021, according to CryptoQuant. With lower overall volume, the 43,000 BTC added by large holders represented a larger share of market activity than it would in a more liquid market.

Earlier in 2026, selling dominated ownership flows and several public firms and miners trimmed positions, including Riot and Marathon. Earlier this year, investors accumulated about 270,000 BTC over 30 days, the most aggressive streak since 2013, and at another point large holders added roughly 66,700 BTC while mid-sized wallets sold.

Market participants will watch whether accumulation by large and mid-sized wallets continues as bitcoin approaches the upper end of its recent trading range.