Bitcoin whales increased holdings to nearly 3.5M BTC by May 2025, steadily accumulating through dips and signaling strong conviction.
Institutional wallets bought BTC during market corrections, showing confidence in long-term value as the price rebounded above $90K.
Whale accumulation during volatility reinforces bullish sentiment and suggests smart money is positioning ahead of future rallies.
According to CryptoRank's data posted by Cointelegraph on X, a large number of Bitcoin holders have accumulated over the past year, showing confidence in long-term profits. From May 2024 to May 2025, wallet addresses between 1,000 to 10,000 BTC enhanced their balances even during price falls. These wallets, typically maintained by institutions, miners, and hedge funds, have raised their combined balance to nearly 3.5 million BTC. On 9 May 2025, Bitcoin is priced higher than $90,000 and large holder balances stand at their year-to-date high.
Whales Accumulate Despite Market Volatility
In June 2024, Bitcoin traded around $90,000. At the same time, large holder balances hovered near 3.3 million BTC. Both metrics dipped by mid-July. Bitcoin fell below $80,000, and holder balances dropped to 3.25 million BTC. However, accumulation resumed between August and October. During this sideways price movement, whales increased their holdings, surpassing 3.3 million BTC by early October.
Source: CryptoRank
Moreover, Bitcoin surged to nearly $100,000 in December. Large holders added aggressively during this rally, pushing balances above 3.4 million BTC. This simultaneous growth confirmed strong institutional belief in the asset’s direction. January brought volatility, with a sharp dip followed by a quick recovery above $90,000. Whale balances briefly declined but rebounded strongly before the month’s end.
Institutional Confidence Strengthens Long-Term Outlook
Between February and March 2025, Bitcoin held between $90,000 and $100,000. Holder balances remained close to 3.45 million BTC. A mid-March dip saw both price and balances slide, but the trend reversed quickly. April’s correction pushed Bitcoin under $80,000 again. Despite that, whales continued accumulating, bringing their holdings to nearly 3.5 million BTC by early May.
Consequently, this pattern reveals a recurring behavior: large holders buy during weakness and hold through rallies. These wallets act as a proxy for institutional conviction and often lead to broader market sentiment. Their accumulation frequently precedes bullish reversals, reinforcing a long-term uptrend.
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