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Bitcoin Whale Increases 66,700 BTC, Medium-sized Holders Reduce Risk

2026-07-21 00:46:47
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Highlights

Bitcoin Whale has increased its holdings of 66,700 BTC in 60 days, while mid-sized holders have sold 77,800 BTC, showing a completely different trend of holdings and distribution.

CryptoQuant data shows that despite the continued volatility and uncertainty of the market, when Bitcoin re-tested the US$65,000 mark, the increase in holdings of Giant Whales had reached its highest level since February this year.

Bitcoin ownership is shifting to large wallets, with giant whales absorbing available circulating supply, which eased immediate selling pressure despite increased distribution efforts by mid-sized holders.

Body

In the past 60 days, Bitcoin's largest investors have increased their holdings of 66,700 BTC, while mid-sized holders have taken the opposite action.

According to CryptoQuant, a comparison of activity on this necklace suggests that despite recent market volatility, large wallets are steadily absorbing bitcoins released by smaller market participants.

The latest blockchain indicators show a widening divergence between the two major investor groups. Wallets holding 1,000 to 10,000 BTC recorded their strongest increase in holdings since February. Meanwhile, wallets holding 100 to 1,000 BTC are selling bitcoins at one of the fastest rates in recent months.

In addition, Bitcoin recently retested its $65,000 level as investors assess changing market conditions. Even if prices fluctuated, the largest holders did not reduce their exposure, but increased their holdings, reflecting stronger long-term confidence.

Giant whale holdings offset selling pressure

According to CryptoQuant, wallets holding 1,000 to 10,000 BTC have increased their holdings of approximately 66,700 BTC in the past 60 days. This figure is close to the 68,000 recorded in mid-June and the highest level of additions since February. At the same time, wallets holding 100 to 1,000 BTC sold approximately 77,800 BTC during the same period. It is worth noting that this group had increased its holdings of more than 92,000 BTC units at the end of April, but has turned into selling in recent weeks.

Therefore, the data shows that Bitcoin is changing hands, rather than flooding the market. Large investors appear willing to absorb available supply, which helps relieve immediate selling pressure despite continued market uncertainty. In addition, this divergent activity highlights different investment strategies. As the giant whale expands its holdings, mid-sized investors appear to be taking profits or reducing risk. This transfer of tokens attracted market attention because it reflected a transfer of ownership rather than widespread market distribution.

CryptoQuant's data shows that a considerable portion of available bitcoins is flowing into large wallets. As a result, despite increased selling by mid-size holders, supply entering the open market remains relatively limited.

Conclusion

Bitcoin's latest on-chain data highlights the clear divisions among major investor groups. Giant Whale increased its holdings of 66,700 BTC during the same period, while wallets holding 100 to 1,000 BTC sold 77,800 BTC. This trend suggests that ownership is shifting to large holders, with most of the available supply being absorbed rather than entering the broader market.

Disclaimer:

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