Bitcoin’s Top Players Now Hold Record 13.45 Million BTC

Highlights:

• Bitcoin’s top players accumulated significantly during BTC’s price declines in early April.
• These large investors now hold 13.45 million BTC, representing 67.77% of the token’s entire supply.
• Santiment reported that Whales bought 53,652 between March 22 and the present.

Analytical intelligence platform Santinent recently tracked a surge in Bitcoin holders’ metrics, which it shared on its official X handle. According to Santiment, BTC key stakeholders accumulated significantly during the crypto market dip in early April, as they now hold 67.77% of Bitcoin’s entire supply.

The on-chain analytical firm described this category of investors as wallets holding between 10 and 10,000 BTC. It added that these addresses accumulated 53,652 BTC within four weeks. “During the April volatility, these wallets continue to accumulate and have now added over 53.6K BTC since March 22,” Santiment stated.

Bitcoin's key stakeholders comprised of wallets holding between 10 & 10K BTC currently hold 67.77% of the entire supply of crypto's top market cap asset. During the April volatility, these wallets continue to accumulate, and have now added over 53.6K BTC since March 22nd. pic.twitter.com/eCalVW0FQf

— Santiment (@santimentfeed) April 19, 2025

In one of its most recent tweets, Lookonchain, a renowned crypto transactions tracker, reported that whales and institutions’ interest in Bitcoin remains strong. According to the on-chain tracker, a wallet related to Abraxas Capital withdrew 505 BTC worth $42.64 million from Binance.

Lookonchain added that the same wallet has withdrawn 2,949 BTC, valued at approximately $250 million, from exchanges within four days. This wallet’s actions corroborated Santiment’s claims, which could pose a positive catalyst for Bitcoin’s price rally.

Whales/Institutions continue to accumulate $BTC!

Abraxas Capital related wallet withdrew another 505 $BTC($42.64M) from #Binance 9 hours ago.

This wallet has withdrawn 2,949 $BTC($250M) from exchanges in the past 4 days.https://t.co/1SwIOPCivI pic.twitter.com/SoOmlCpITQ

— Lookonchain (@lookonchain) April 19, 2025

Bitcoin’s Present Price Actions and Previous Struggles

At the time of writing, Bitcoin is up 0.9% in the past 24 hours, trading at approximately $85,360. In the past week, Bitcoin surged 2%, fluctuating between $83,268.76 and $85,917.27. This price range suggests Bitcoin’s stability following previous high instabilities.

Despite the short-term price spikes, Bitcoin’s monthly variable reflected a 1% decline, implying that the token has not fully recovered. In the past month, Bitcoin oscillated between $88,474.31 and $74,773.26, sparking panic sales among retailers. While retailers deposit their BTC holdings, whales capitalized on the dip to boost their token stores.

Beyond BTC’s price actions, Coincodex’s risk assessment analysis shows that the token remains a top performer amid competitors. According to Coincodex, BTC has surged by 32% in the past year, with 15 profitable days in the past 30 days. In addition, Bitcoin is trading near its cycle high and has a yearly inflation rate of 0.84%.

Coincodex also noted that BTC outperformed 74% of the top 10p cryptocurrencies, including Ethereum (ETH), in one year. Other relevant statistics show that Bitcoin’s market capitalization increased slightly to about $1.70 trillion. Its 24-hour trading volume has dropped by 35.34% to about $13.41 billion.

Market Chartist Pinpoint Best Opportunity to Accumulate BTC

In an April 17 tweet, renowned crypto market chartist Ali Martinez said that Bitcoin exchange inflow volume momentum remains key to identifying strong entry points. However, based on his shared chart, this metric is signalling patience, suggesting that intending investors will continue waiting for the best opportunity to step in.

#Bitcoin $BTC exchange inflow volume momentum is a key metric for spotting strong entry points. For now, it’s signaling patience. We’re still waiting for the right opportunity to step in. pic.twitter.com/NSS1fZcHMl

— Ali (@ali_charts) April 19, 2025

In another X post, Martinez noted that Bitcoin has consolidated in a tight range. He added that the token’s next move will depend on either breaking above $86,000 or dropping below $83,000. In its Bitcoin price analysis on April 18, Crypto2Community noted that Bitcoin has started consolidating after weeks of high volatility. It added that the consolidation could precede a price rally as selling volume drops.

Still, in the same publication, Crypto2Community mentioned that influential voices supporting BTC could help drive its bullish sentiment, underscoring significant price surge tendencies. The analysis also noted that Bitcoin is facing strong resistance at $85,142. Breaking this constraint could result in Bitcoin’s price rally to $90,000.