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Event Period: August 1, 2025, 15:00 โ August 15, 2025, 19:00 (UTC+8)
๐ Event Link: https://www.gate.com/candy-drop/detail/BTC-98
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Bitcoin whales purchased 30,000 BTC in two days.
Over the last two days, large holders of the first cryptocurrency have acquired 30,000 BTC, reported on-chain analyst Ali Martinez.
According to Santiment, over the past four months, whales with balances from 10 to 10,000 BTC have accumulated 0.9% of the total coin supply.
The accumulation of Bitcoin is offset by profit-taking from other large holders. Last week, one of the whales sold coins worth $9 billion with the assistance of Galaxy Digital.
Glassnode analysts noted that despite the large sell-off, most investors remain in profit. 97% of the circulating coins are still "in profit," and the unrealized profit in the market exceeds $1.4 trillion.
Vugar Usi Zade stated in a comment to Decrypt that whales are also showing interest in other assets. They are increasing their positions in Ethereum, Solana, and some meme coins like PEPE and WIF. According to him, this indicates a diversification into high-yield tokens, although the main focus remains on L1 platforms.๐น๐๐น๐
The CryptoQuant analyst under the nickname crypto sunmoon noted that the reserves of BTC held by whales continue to show an upward trend. Historically, the peak of the 2021 cycle coincided with a significant reduction in their assets. According to the expert, if the current accumulation trend changes, it could indicate an approaching potential peak.
In July, the market capitalization of the cryptocurrency market exceeded $4 trillion, but then it corrected. At the time of writing, the figure is $3.81 trillion. #CandyDrop Airdrop Event 6.King# CandyDrop Airdrop Event 6.0#