Bitcoin declined toward $70,000, marking a 20.2% drop, while large holder behavior showed a clear divergence. The number of wallets holding at least 100 BTC rose to between 20,087 and 20,102, adding 753 addresses during a period of price weakness. This strategic accumulation by strong hands is tightening liquid supply, a trend reinforced by sustained ETF inflows and declining exchange balances, increasing the likelihood of a demand-driven breakout.
Bitcoin’s price declined toward $70,000, yet wallets holding 100 or more BTC increased to 20,087–20,102, adding 753 addresses. This steady expansion during price weakness shows strategic accumulation as strong hands absorb supply.
The 100–1,000 BTC cohort reached 18,073 wallets holding 5.193 million BTC, while addresses with over 1,000 BTC controlled 7.14 million. As older supply stays inactive and new entities enter, liquid supply tightens, reducing downside volatility.
ETF cumulative inflows surpassed $56.64 billion, or 713,880 BTC, while assets under management near $96.76 billion. Although short-term flows fluctuate, including a -$90.20 million session, creations remain, indicating fresh demand.
Exchange balances held near 2.47 million BTC but trended lower by about 5,500 BTC over 30 days. This shows coins are steadily leaving liquid venues, moving into custodian wallets like those for BlackRock’s IBIT and FBTC.
BlackRock’s IBIT approaches 765,000 BTC, while FBTC holds around 187,000 BTC. As ETF additions of 45,700 BTC align with platform outflows, capital flow confirms real absorption, reinforcing Bitcoin’s supply-driven market structure.
