Whale Supply Hits 6-Year Low As Bitcoin Price Tests $110K Range

Bitcoin Whales Reduce Holdings, Signaling Potential Market Shift

The latest on-chain data from Glassnode reveals a notable shift in Bitcoin whale behavior, with the average whale holding just 488 BTC, the lowest level since 2018. This trend, if sustained, could have significant implications for Bitcoin’s price and the broader cryptocurrency market. Bitcoin whales, defined by Glassnode as entities holding between 100 and 10,000 BTC… Source

Bitcoin Whales Cut Back: Average Holdings At Lowest Since 2018

On-chain data shows the size of the average Bitcoin whale has dropped to the lowest level since 2018, a sign that may be bearish for BTC’s price. Average Bitcoin Whale Is Holding Just 488 BTC Now In a new post on X, on-chain analytics firm Glassnode has discussed about the latest trend in the average supply held by Bitcoin whales. Glassnode defines “whales” as entities holding between 100 and 10,000 BTC. At the current exchange rate, the range’s…

Bitcoin whale holdings dwindle to lowest levels since 2018 amid significant profit-taking - Coin Surges

Bitcoin’s largest investors are steadily reducing their exposure, with data showing a direct link to profit-taking during the recent rally. Glassnode reported on Sept. 3 that wallets holding between 100 and 10,000 BTC now average just 488 BTC—the lowest level since December 2018. Bitcoin Supply Per Whales (Source: Glassnode) According to the firm, this decline marks a continuation of a trend that began in November 2024. The shrinking balances co…

Whale Supply Hits 6-Year Low As Bitcoin Price Tests $110K Range

Glassnode’s latest on-chain update has the market talking. In a tweet, the analytics firm said the average Bitcoin (BTC) held by so-called whales, entities that own between 100 and 10,000 BTC, has fallen steadily since November 2024 and now sits at about 488 BTC per whale, a level Glassnode notes was last seen in December 2018. The chart accompanying the message shows a clear downshift in that cohort’s average stake, and for many traders, the nu…

Bitcoin Faces Resistance at $110,700 as Whale Supply Hits 2018 Levels

Bitcoin faces repeated resistance rejections, raising risks of a pullback near $107,200 Whale supply per holder drops to 2018 levels, signaling redistribution and reduced control Correction depth stays within norms, with 12% decline aligning to past bull market patterns Bitcoin continues to test critical levels while showing signs of exhaustion at resistance. The world’s largest cryptocurrency traded at $111,018 as of press time, up 0.63% in the…