Bitcoin Whales Add 270,000 BTC; Exchange Reserves Fall

Bitfinex data show Bitcoin wallets holding large balances added about 270,000 BTC to reserves over the past 30 days, the biggest accumulation since at least 2013. Aggregate Bitcoin held on exchanges fell to roughly 2.68 million coins.

The buying concentrated in spot markets, with whale-sized orders dominating trading through the past quarter and into the last month. Spot purchases remained strong over the past week while futures markets stayed relatively quiet, according to CryptoQuant data.

CryptoQuant reported different accumulation patterns by holder type: retail investors tended to buy during price declines, while large holders accumulated during periods of sideways trading and relative price stability. The shift toward spot orders unfolded independently of weak futures activity.

Exchange flows matched the accumulation trend. Whole-coin transfers to Binance became rarer: 6,310 BTC left Binance in the past 24 hours and more than 13,000 BTC were withdrawn from the exchange over the past 30 days. Withdrawals accelerated over the past week, contributing to the decline in total exchange reserves.

Market indicators showed less immediate selling pressure. Wallets up to seven years old were on average in profit. Bitcoin traded above $75,000 during the recovery and the network-wide realized price rose to about $72,300. Approximately 8.75 million BTC remained held at a loss, a figure that improved as prices climbed.

A vehicle called Strategy absorbed part of available selling, supported by STRC digital credit. Whale accumulation coincided with a higher sell wall near $77,980 and smaller resistance bands around $76,000 and $75,500.

Traders are monitoring whale and shark wallets for signs of a sustained directional move. Market activity over the past month showed no surge of panic buying; transactions were consistent with steady accumulation in spot markets.