Bitcoin wallets holding 100–1,000 BTC have steadily increased their holdings, despite a recent 1.1% price decline.
Price remains range-bound between $101,269 and $103,982, showing consolidation without deterring whale accumulation.
On-chain data shows continuous supply expansion among mid-sized holders, even during periods of reduced volatility.
Bitcoin wallets holding between 100 and 1,000 BTC are growing at a remarkable rate. On-chain data shows these mid-sized entities, often referred to as “whales,” continue to accumulate during the ongoing consolidation.
Despite a 1.1% drop in price that saw Bitcoin last trade at $99,931.26, the supply held in this wallet class continues to increase, registering unbroken buying. These wallets hold a big chunk of Bitcoin in aggregate, which signifies heightened accumulation activity that goes against the trend of prices.
Notably, the market remains tightly range-bound. With a visible support level at $101,269 and a resistance cap near $103,982, price action has been relatively compressed. This narrow trading zone has not discouraged steady buying from these entities.
The consistent accumulation trend, even during non-volatile phases, points to a significant underlying shift in coin distribution dynamics. The black line in the chart represents the historical price path of BTC, while the shaded pink area reflects supply growth among 100–1k BTC holders.
BTC Price Faces Pressure, Yet Demand Persists Among Large Holders
The current price trajectory shows a slight downward pressure, with Bitcoin trading at $102,609. This comes after a modest 1.1% decline in the last 24 hours. Still, large wallet entities remain active. The most recent evidence reveals that the 24-hour trading range between the resistance level of $103,982 and support of dollars 101,269 is stable. In the past few sessions, the prices have been trading around this corridor.
This range-bound movement has not weakened accumulation behavior. Instead, holders with 100 to 1,000 BTC appear to use this range as an entry zone. As their balances increase, it suggests a clear preference for acquiring Bitcoin at current valuations. These wallets are not reducing exposure despite price stagnation. As a result, the pink zone in the stacked supply chart continues to widen over time.
Supply Distribution Shifts as Chart Shows Gradual Accumulation Trend
According to the Alphractal chart, addresses within the 100–1,000 BTC bracket have expanded steadily since early 2023. These addresses now reflect a rising share of the circulating supply. The chart uses a stacked visual to represent this increase in cumulative supply over time. The background steadily grows denser in color, indicating the rise in whale wallet holdings.
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Even as Bitcoin trades well below recent highs, this segment of the market continues to grow. This behavior remains consistent despite short-term pullbacks. Address growth appears unaffected by daily price shifts, focusing instead on long-term accumulation. This shift in supply structure reveals a pattern that shows ongoing changes within key wallet groups.
