Bitcoin Whale Demand Is Growing Across Wallet Tiers
Bitcoin whale demand is growing, according to on-chain data from Glassnode. The accumulation trend is evident as major holders continue buying during the current BTC price rally. Wallets holding over 10,000 BTC show an accumulation score near 0.9, indicating aggressive buying. Wallets with 1,000–10,000 BTC follow closely at 0.7, while those with 100–1,000 BTC show moderate accumulation around 0.5.
Rising Prices and Positive Market Sentiment
As of 15:10 MSK, Bitcoin trades around $94,700 — up 15.4% over the past week. Analysts suggest whale accumulation reflects optimism about Bitcoin’s long-term value. These investors tend to buy heavily during strong trends, potentially supporting further price movement.
ETF Inflows Add Fuel to the Rally
Bitcoin’s price rise is also backed by strong capital inflows into spot Bitcoin ETFs in the U.S. This week alone, U.S.-listed ETFs saw a net inflow of $2.68 billion, reversing the outflow pattern seen in February and March, according to Sosovalue.
Exchange Outflows Hit 2023 Low
CryptoQuant reports that Bitcoin inflows to exchanges have dropped to their lowest level since February 2023. This indicates the highest level of BTC being withdrawn from exchanges in over a year. Typically, this suggests investors prefer to self-custody their coins — a bullish signal.
Institutions Take the Lead, Retail Hesitates
Market analysts note that retail interest remains limited, while institutional investors are accumulating. Factors such as inflation hedging and dedollarization are driving professional market players to acquire and hold Bitcoin as a long-term asset.
