Bitcoin Whales Are Hoarding – You Won’t BELIEVE How Much! 🐳

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Right. So, Bitcoin. Still a thing. Apparently. And it’s not *me* cornering the market, sadly. It’s these…“whales.” Which sounds lovely, except they’re not breaching and splashing, they’re just quietly amassing 68% of all Bitcoin. 68%! 🤯 Like, seriously? Is anyone else feeling slightly powerless? According to some blockchain people (who, let’s be honest, speak a different language), these wallets holding a decent chunk of Bitcoin – between 10 and 10,000 BTC, which is a lot even if I did understand what a BTC actually *was* – have been buying, buying, buying. 218,570 BTC since March. Because, you know, reasons.

And it’s happening while Bitcoin hovers around $118,000, which is… a number. Apparently, everyone thinks the next price explosion will be powered by…patient money. Oh, joy. Less spontaneous excitement, more spreadsheets. Just what I wanted. 🙄 Honestly, I was hoping for a sudden, dramatic leap fuelled by TikTok trends, but no.

Building a Stronger Base (For Them)

Apparently, nearly 0.9% of all Bitcoin has swum into the hands of these whales in the last four months. It’s like watching someone slowly but surely build a fortress around all the fun. This is all part of a “holder rotation,” meaning the original Bitcoin people (the cool kids, probably) are selling to institutions. Which basically means everything is becoming Very Serious.

And then someone – a ‘Satoshi-era whale’ (honestly, the names!) – decided to dump 80,000 BTC. Which is about nine billion dollars. Which is… a lot of money. Prices dipped briefly, but the market “absorbed” it. Absorbed it! As if it were just a minor inconvenience. They’re saying it proves Bitcoin’s “maturity.” I’m saying it proves they have *very* deep pockets. 🤔

Everyone now thinks this is all setting us up for a very stable, capital-driven bull market. Which sounds…boring. Where’s the chaos? Where’s the drama? I miss the days when Bitcoin’s price swings were dictated by sheer, unadulterated panic. 😩

The price is currently doing bugger all, fluctuating between $115,000 and $119,500. Exciting, isn’t it? It’s considered “healthy consolidation”. Right. Like my life is when I haven’t checked my bank balance in a week. They say any drop below $115,000 could lead to further drops. But if it goes above $125,000, there’s a chance of reaching $141,000. Which, if I’m being brutally honest, all sounds like a lot of ‘ifs’ and ‘maybes’.

Market Consolidating (Or Just…Existing)

It’s currently $118,700, not having moved much in the last 24 hours. Or the last seven days. Though it’s up 11% in 30. Progress. Slow, glacial progress. But hey, at least the whales are happy. They’re just happily accumulating while the rest of us watch. It’s all very…Zen. 🧘‍♀️ I think I need a cup of tea. And possibly a new hobby. Like stamp collecting. It feels safer.

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2025-07-31 11:03