Bitcoin Whale Accumulation Accelerates as Exchange Supply Falls

Bitcoin whale accumulation is strengthening as some of the market’s largest holders continue adding BTC while exchange balances and trading activity decline.

The latest signal came from a previously unknown wallet that withdrew 2,782 BTC, worth roughly $177 million, from Bitstamp and transferred the coins to an unidentified address. The transaction adds to a broader divergence developing across the Bitcoin market.

Large holders have accumulated tens of thousands of BTC over the past two months, while smaller wallets have been reducing their positions.

Data tracking the top Bitcoin holders also shows that ownership among the largest addresses remains broadly stable, even as exchange reserves fall toward multi-year lows and leave less immediately available supply if demand begins to recover.