Whale Accumulation Drives Bitcoin’s August Surge
- Wallets holding over 100 BTC added approximately 60,000 BTC between August 1 and August 30.
- Mid-size wallets (holding between 1-100 BTC) sold off around 33,000 BTC in the same period.
- The largest wallets increased buying after Bitcoin’s price broke $62,000-$65,000 on August 19.
- Smaller wallets collectively sold about 47,000 BTC, almost matching the amount whales purchased.
August saw significant accumulation by large Bitcoin holders as they bought nearly what smaller holders sold during one of the strongest months for Bitcoin in recent years. The whale buying spree intensified particularly after a key price breakout mid-month.
