Bitcoin Whales Increase Accumulation Amid Market Rally

Bitcoin whale wallets holding between 100 and 1,000 BTC have added 113,950 units since July 15, bringing their total holdings to approximately 5.24 million. Data from Santiment suggests that this accumulation trend, which aligns with historical market uptrends, indicates that large holders are driving the recent price surge alongside retail traders. Bitcoin recently surpassed its 365-day moving average of $80,500 and cleared a supply zone between $76,000 and $81,000, with $88,000 to $90,000 identified as the next major test. CryptoQuant founder Ki Young Ju anticipates a more moderate 3-to-5x rally for this cycle, citing reduced volatility due to institutional interest.