Bitcoin Whales Snap Up $1.2 Billion Worth of BTC as ETF Inflows Surge Toward Four-Month High

Large Bitcoin holders are amassing despite Bitcoin being under $65,000, which means institutional and accredited investors are not deterred by less-than-optimal price action and uncertain regulatory circumstances.

According to the latest on-chain metrics and ETF flow data, buying demand from large players is increasing, while retail sentiment remains weak.

Evidently, according to blockchain analytics firm Santiment, wallets holding between 10 BTC and 10,000 BTC had been amassing over 20,000 BTC since 29 July.

At current prices, that’s about $1.2 billion more in Bitcoin acquired over most of 2026, when the cryptocurrency traded largely in a tight range below $65,000.