New Bitcoin Whales Add 600K BTC, Doubling Holdings in Just 3 Months

New whale wallets accumulated over 600,000 BTC from March to June, pushing their total holdings from 500K BTC to 1.1 million BTC.

These wallets now control 5.6% of all circulating Bitcoin, removing the equivalent of ten months of mining output from the liquid market.

The young coin age confirms recent purchases, reflecting fresh capital inflows and increased institutional readiness for upcoming macroeconomic catalysts.

Bitcoin’s new-whale cohort has entered the market with force, accumulating more than 600,000 BTC in just over three months. These newly formed clusters are aggressively positioning, suggesting rising institutional interest and reduced liquid supply.

Young Whale Wallets Double Holdings Since March

Clusters of new-whale wallets, according to cryptoquant analyst Onchained, that each hold 1,000 BTC or more and have an average coin age of less than six months, have doubled their Bitcoin holdings between on 1 March and 4 June 2025. The wallets, which combined for around 500,000 BTC, increased their total balances to about 1.1 million BTC, representing a net addition of 600,000 BTC accumulation.

This accumulation spree has also led to a notable shift in supply distribution. New whales now control 5.6% of the circulating BTC supply, up from 2.5% at the beginning of March. This 3.1 percentage point rise equates to nearly ten months’ worth of mining output being taken off the market in a short time frame.

The “Supply Held by New-Whales” indicator, cited in onchained’s analysis, filters out long-dormant wallets. This method ensures that the data reflects recent balance sheet decisions rather than reshuffled legacy holdings.

Source: Onchained

Signals of Conviction and Market Structure Shift

The youth of these coins signals fresh capital entering the market, not old wallets reactivating. This trend aligns with historical periods of increased price volatility, where aggressive accumulation has often preceded strong directional moves.

As onchained notes, this rapid BTC absorption from newly minted supply can lead to a tightened market float. In past cycles, similar activity has coincided with bullish momentum, especially when driven by entities with high purchasing power.

The data suggests that these new whales are strategically positioning ahead of anticipated macroeconomic events, such as potential rate cuts or continued institutional demand through spot ETFs.

Market Participants Watching for Further Activity

Looking ahead, analysts are focusing on several key metrics. Exchange inflows and outflows from these wallets could indicate upcoming profit-taking. ETF creation basket data may confirm whether institutional buyers are backing this accumulation trend.

Additionally, traders are watching for divergence between derivatives market funding rates and whale wallet flows. Such dislocations can offer early signs of short-term market direction.

As onchained concludes, aggressive moves by young whales can reshape market conditions rapidly. Their current behavior suggests a shift is already underway.

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