Whales Accumulate 66.7K BTC as Mid-Tier Holders Sell

CryptoQuant data covering the past 60 days shows a net transfer of Bitcoin from mid-tier wallets into larger addresses. Wallets holding 1,000–10,000 BTC added 66,700 BTC while addresses holding 100–1,000 BTC reduced holdings by 77,800 BTC.

The data was compiled and analyzed by CryptoQuant analyst Amr Taha, who tracked net flows across ownership cohorts. He reported that accumulation by the 1K–10K BTC cohort has risen to levels close to those seen on June 16 and that the current buying by larger wallets is the strongest since Feb. 17, when roughly 106,000 BTC was added by that group.

Taha described the selling by the 100–1K BTC group as among the most aggressive selling periods in the dataset. In April, CryptoQuant recorded the opposite pattern-larger wallets were distributing while mid-tier owners were accumulating-and Bitcoin fell about 29% after that episode.

The report also notes a corporate update. Strategy, identified in the dataset as the largest corporate holder of Bitcoin, did not report BTC purchases during the week covered. The firm raised $263.5 million through stock sales over the same period; the report states those proceeds may be allocated in future purchases or other uses but provides no details.

CryptoQuant’s data does not assign motives to the flows. Transfers can reflect portfolio rebalancing, risk management, anticipation of macro events or liquidity needs. The recorded net effect over the 60-day window is a drop in Bitcoin held by mid-sized wallets and a corresponding rise in holdings among larger addresses.

Amr Taha noted that sustained accumulation by larger holders can reduce the amount of immediately available supply when smaller cohorts are distributing, and he described the current transfer of supply to larger wallets as a potentially constructive medium-term signal for bitcoin.