Bitcoin Whales Scoop Up $10 Billion in BTC While Short-Term Holders Face Pressure

New data from IntoTheBlock shows that major Bitcoin (BTC) investors have accumulated over $10 billion in the cryptocurrency over the past six months.

According to the report , large investors holding between 100 and 1,000 BTC have been adding to their holdings despite recent price drops.

These addresses now control 20.3% of the total Bitcoin supply, an increase from 3.82 million BTC to 4.01 million BTC, marking a 5% rise.

During this period, these large holders have added 190,000 BTC to their reserves. However, IntoTheBlock warns that short-term holders, or those who have held BTC for less than 155 days, might be prone to selling if the market declines further.

While 78% of all Bitcoin addresses are currently profitable, those who purchased Bitcoin at higher prices—between $47,000 and $64,000—might face selling pressure, with only 27.6% of these addresses in profit.