Ah, Bitcoin whales. Once mighty creatures of the crypto seas, now reduced to mere guppies. The latest on-chain data reveals a dramatic decline in the size of the average Bitcoin whale’s holdings-down to levels not seen since 2018. And, as we all know, when the whales are shrinking, it might just be the calm before the storm-or, if you’re feeling adventurous, a sign that Bitcoin’s price may be in for a little tumble. 🐋📉
The Average Whale Is Now Holding Just 488 BTC
Brace yourselves for this: Glassnode, the on-chain analytics firm that never fails to make us question our life choices, recently shared some intriguing data. They define “whales” as entities holding between 100 and 10,000 BTC, which, at today’s exchange rates, translates to a range of $11.2 million to a cool $1.1 billion. So, yes, we’re talking about traders who could probably buy an island or two if they wanted. Or at least a yacht. 🛥️💸
And what do these investors, those giants of the crypto world, do with their massive holdings? Apparently, not much these days. The behavior of this whale group (as measured by their total holdings) is like trying to predict the weather by looking at a single cloud. One single whale can skew the results-especially if they’re holding a fortune that could pay for a small country. But let’s focus on the average whale. A simple measure, but full of tasty details, like a detective solving a mystery in a dark alley.
The average Bitcoin whale now holds only 488 BTC, a pitiful number compared to their previous gluttonous years. Take a look at the chart below-it’s a story of boom, then bust, then boom again… and then, just when you thought it was safe, bust again. 📉📈
Oh, how the mighty have fallen. From the early days of 2022, when the whales held their Bitcoin like it was their precious, to a sudden decline as the bear market took over. What happened, dear reader? Did they panic? Did they grow weary of the Bitcoin rollercoaster? Perhaps a little of both. When the market began to recover in 2023, they slowly started loading up again-slowly, of course, like they were testing the waters of a cold, unforgiving ocean. But alas, even that wasn’t enough to resist the lure of selling as Bitcoin’s price rose, especially in late 2024. The whales began unloading their holdings at an alarming rate, probably with a smug grin on their faces, as they watched us mere mortals scramble for crumbs.
And now, today, the average whale holds only 488 BTC. That’s it. The lowest since December 2018, nearly seven years ago. The whales have shed their weight, leaving behind a shell of what they once were. They’re like the husks of once-great beasts who now lurk in the shadows. 🦈💔
But hold on, there’s more. Glassnode also dug into the behavior of Ethereum whales, especially the “mega whales” who hold over 10,000 ETH. Spoiler alert: They’re not exactly hoarding Ethereum like a dragon hoards gold. Their accumulation? It’s stopped dead in its tracks, like a car hitting a brick wall. 🚧
Look at that chart! During the recent price surge, these Ethereum mega whales bought up some ETH, but now? Nothing. They’ve tapped out. Their balances are as stagnant as a pond in a heatwave. 🏝️
Bitcoin Price Update
And as for Bitcoin itself? Well, as of the latest update, Bitcoin is hovering around $111,900, up slightly over the past day. But let’s be honest-if whales aren’t buying, can we really trust this price surge? Time will tell… ⏳
Read More
- Violence District Killer and Survivor Tier List
- Jujutsu Kaisen Season 3: Get Ready for Epic Battles Like Never Before!
- All Data Pad Locations (Week 1) Destiny 2
- Gold Rate Forecast
- Unleash Devastation: Top Rupture Teams to Dominate in Limbus Company!
- Top 8 UFC 5 Perks Every Fighter Should Use
- Top 7 Custom Maps in 7 Days to Die You Need to Play Now
- EUR AUD PREDICTION
- Demon Slayer: Infinity Castle Part 2 Release Date: What to Expect
- USD COP PREDICTION
2025-09-04 08:14