Bit whales purchased 30,000 BTC within two days.

In the past two days, the first cryptocurrency whales have acquired 30,000 BTC, reported on-chain analyst Ali Martinez.
According to Santiment's data, in the past four months, whales holding between 10 and 10,000 BTC have accumulated 0.9% of the total coin supply.
The accumulation of Bitcoin has been 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 pointed out that despite the large-scale sell-off, most investors are still in profit. 97% of circulating coins are still "profitable", with unrealized profits in the market exceeding $1.4 trillion.
Vugar Usi Zade commented 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 that they are diversifying their investments into high-yield tokens, although the main focus remains on L1 platforms.
CryptoQuant analyst crypto sunmoon pointed out 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 experts, if the current accumulation trend changes, it could indicate that a potential peak is approaching.
In July, the total market value of the cryptocurrency market exceeded $4 trillion, but then underwent a correction. As of writing, that figure is $3.81 trillion.