Bitcoin Whales Scooped 40,100 BTC Worth $2.6 Billion in Nine Days

The largest BTC wallets, aka the Bitcoin whales, started buying in late July. And a $233 million institutional inflow followed days later, a sequence that put big money on the bid just as Bitcoin entered the weakest month on its calendar.

The turn stands out because August has closed red for four straight years. Whale wallets and exchange-traded fund desks are wading in anyway, and the timing of who moved first is the real story.

Bitcoin Whales Moved First, and the Timestamps Show It

Bitcoin (BTC) whales started adding before Wall Street did. Wallets holding 1,000 to 10,000 BTC lifted their share of supply from about 21.11% on July 23 to 21.25% by month-end, according to Santiment data supplied for this analysis.

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The larger 10,000 to 100,000 BTC cohort had been trimming since July 22. It bottomed near 11.19% on July 27, then turned back up to 11.25% into the close of the month.

Those shifts read as small in percentage terms. Yet the combined 0.20% gain across both cohorts, applied to Bitcoin's roughly 20.06 million circulating supply, works out to about 40,100 BTC, worth close to $2.6 billion.

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