In a significant development, Bitcoin (BTC) whale activity indicates a surge in accumulation by large holders. This trend, highlighted in a recent CryptoQuant Quicktake post, suggests a potential supply squeeze in the near future. (Source: Trusted Editorial, June 2025)
The analysis focuses on "new whales" – wallets holding over 1,000 BTC with an average coin age of less than six months. Between March and June 2025, the number of BTC held by these new whales more than doubled. This increase represents a rise from approximately 500,000 to 1.1 million BTC. (Source: Trusted Editorial, June 2025)
This accumulation equates to nearly 600,000 BTC, valued at around $63 billion at current market prices. The supply share held by these new whales also jumped from 2.5% to 5.6%, a notable increase of 3.1%. This is equivalent to roughly 10 months of Bitcoin mining output being removed from the circulating supply. (Source: Trusted Editorial, June 2025)
This behavior suggests strong conviction in Bitcoin, as these are recently acquired coins. It also indicates a shifting sentiment among investors, with well-capitalized buyers positioning themselves ahead of potential bullish catalysts. The rapid absorption of newly minted BTC points to a possible supply crunch. (Source: Trusted Editorial, June 2025)
The CryptoQuant analyst suggests monitoring key metrics, including exchange inflows and outflows from this cohort. ETF creation basket activity should also be tracked to confirm ongoing institutional demand. Recent macroeconomic indicators suggest a Bitcoin rally may be on the horizon. (Source: Trusted Editorial, June 2025)