Bitcoin Whales Are Buying Again: $2.9 Billion Accumulated in 60 Days

Bitcoin “whales” are increasing their positions again, accumulating more than $2.9 billion worth of BTC over the past 60 days while smaller investors appear to reduce exposure. Wallets holding over 10,000 Bitcoin added roughly 46,420 BTC during the period, the strongest whale-buying activity since March. The contrast is sharp: retail-sized holders sold nearly 9,700 BTC over the same 60 days. The shift comes as Bitcoin trades well below its all-time record, raising questions about whether large holders are positioning for a rebound. The latest buying follows heavy distribution earlier in the year, including February’s burst of accumulation after net selling, and it mirrors patterns seen in July when whales accumulated over 270,000 BTC (about $16.7 billion) within two weeks despite outflows from U.S. spot Bitcoin ETFs. Whale accumulation alone doesn’t guarantee a rally, but it can tighten exchange liquidity if demand holds.