On-chain data reveals that Bitcoin whales—addresses holding over 1,000 BTC—now control more than 40% of the total Bitcoin supply. According to market intelligence platform IntoTheBlock, these large holders have been steadily increasing their holdings since mid-March.
<h2>Significant Influence on the Market</h2>
[embed]https://twitter.com/intotheblock/status/1798338164701937991[/embed]

Given their substantial holdings, these whales are influential entities within the Bitcoin network. Their collective behavior is closely monitored as it can significantly impact Bitcoin’s price. The ongoing accumulation by these whales suggests they view current market conditions as favorable for increasing their holdings.
<h2>Recent Accumulation Trends</h2>
Data shows that the balance of Bitcoin whales has been on a continuous rise over the past few months. This trend started during the consolidation period following Bitcoin's all-time high. While the broader market expressed concerns over Bitcoin's price struggles, whales saw this as a prime opportunity to accumulate more BTC.
<h2>Potential Market Implications</h2>
The recent buying spree has pushed whale holdings to over 40% of the total Bitcoin supply. If this accumulation continues, whales might soon control more than half of the total supply. While increased buying from these large holders can be positive for Bitcoin’s price, the potential concentration of supply in a few hands could lead to market instability.
<h2>Rising Open Interest and Market Volatility\</h2>
[embed]https://twitter.com/JA_Maartun/status/1798312993794761040[/embed]

In related news, the total Open Interest in the cryptocurrency sector is nearing its all-time high, currently standing at $51.01 billion. Open Interest measures the total value of open derivatives positions across all exchanges. As this metric increases, it indicates rising leverage in the market, which can lead to heightened volatility.
<h2>Conclusion</h2>
The steady accumulation by Bitcoin whales and the rising Open Interest in the crypto sector signal potential volatility ahead. Monitoring these trends will be crucial for understanding the market’s next moves and preparing for possible fluctuations.

<em><strong>Disclaimer: </strong></em>The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

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Bitcoin Whales Accumulate Over 40% of BTC Supply

Since mid-March, Bitcoin whales have been steadily increasing their holdings, now owning over 40% of the total BTC supply.

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more
than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

Bitcoin Whales Accumulate Over 40% of BTC Supply

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