30 August 2026
Massive Whale Accumulation Triggered The latest Bitcoin Breakout
Presently, BTC investors appear to be growing their interest and sitting on their hands hoping for higher prices, with Bitcoin’s share supply whale has remained inactive for the past three months spiking to a record high of 85%.
Glassnode, the on-chain analytics provider, was seen identifying the milestone in a report dubbed “The Week Onchain,” which concluded, “Investors are just not spending their coins.”
Those addressed who have not moved their BTC in 12-months, are titled as “long-term holders” (LTH) and are among the most actively stockpiling coins, with addresses moving just 6,500 BTC daily.
However, this trend of accumulation does not appear to be slowing down, as the share of supply held on centralized exchanges is dropping to a record low of 12.9% as BTC is increasingly placed into secure storage.
A report issued by Glassnode stated, “The market is likely still in the quiet accumulation phase, punctuated by low activity, large exchange outflows, and very modest strategic spending by experienced holders.”
Currently, where BTC broke into new all-time highs tapping above $67,000, its market capitalization has surpassed that of Tesla and Facebook. In addition, the report claimed that increased Bitcoin accumulation from long-term holders served as a precursor to April’s previous BTC all-time high as well.
Moreover, this share of Bitcoin’s supply was represented by long-term holders as it reached a high of 80.6% in August 2020 before leading to April 2021’s highs of roughly $66,000.
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