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BTC Bitcoin giant whale increased its holdings by 41,025 BTC, reaching a six-week high
Wallets holding 10 to 10,000 Bitcoin (BTC) increased their holdings by 41,025 BTC in ten days, pushing its total holdings to a six-week high since the report. At the same time, positions in small bitcoin addresses remained basically stable. Data analysis platform Sanitation pointed out that the coexistence of retail selling and giant whale accumulation may be a stronger bullish signal.
It should be noted that an increase in wallet balance does not guarantee that the price of Bitcoin will inevitably increase, as changes in transfer activity and address categories will also affect the total reported positions.
Giant whale and "shark" level positions recover
According to a post posted by Sanitation on the X platform, these wallets currently hold approximately 13.64 million BTC, equivalent to 67.93% of the circulating supply. This accumulation behavior is in sharp contrast to the largely constant balance among address groups holding less than 0.01 BTC, highlighting differences in behavior between different groups.
Sanitation defines this larger group as the "whale" and "shark" levels of Bitcoin and continues to track changes in its ownership pattern. After a decline in August and parts of September, this group's total open holdings have returned to levels associated with the market rebound period in mid-August.
附带的图表将这一复苏过程置于从3月下旬到9月下旬的时间轴上，并与比特币的价格走势进行了对比。在图表右侧边缘，大型钱包的持仓量开始回升，而最小地址的持仓量则显示出相对较少的变动。因此，这六周的里程碑反映的是大型持有者余额的恢复，而非比特币市场价格创下相应纪录。图表和帖子均强调了所有权结构的分化，Santiment将其视为一个令人鼓舞的市场信号。
据报道，平均每天增加约4,102.5枚BTC，尽管这一计算并不代表每天的增长量相等。此外，累积的金额约占该群体在十天前的估计持仓量的0.30%。
散户余额持平，看涨信号尚不完整
Santiment的解读基于历史模式，即大型持有者的积累通常与比特币及更广泛加密货币市场的表现改善相关。相反，该平台将该群体持仓量的减少与市场压力增加联系起来，因此余额的方向至关重要。
然而，Santiment认为，一种不同的组合比当前的大型持有者积累与微型余额持平的模式更具鼓励性。这种理想的组合包括：大型钱包增持比特币，同时最小地址减少其持仓量，这表明暴露程度存在反差。
The platform connects this scenario to historical instances where small traders exited the market when an opportunity for a stronger move than Bitcoin approached. Still, the charts provided show that micro balances have mostly remained stable, so this additional condition has not yet clearly emerged.
In addition, the "Minimum Address" category only represents wallets containing less than 0.01 BTC, not every participant in the retail market. Stable total positions may also conceal counteracting individual buying and selling activities within the same address group. Similarly, the addition of large addresses only measures the change in balance and cannot independently confirm whether each new coin represents an exchange purchase. Transfers and movements across thresholds affect totals, limiting the ability of these data to reveal individual investors and their motivations.
Although balances for large Bitcoin holders have recovered, Sanitation presents this divergence as an encouraging signal rather than a guaranteed price forecast. If accompanied by further accumulation and decline of micro balances, it will be more in line with the stronger historical pattern described in its analysis.
