Key Insights:
Bitcoin whale holdings dropped to 488 BTC each, the lowest since 2018.
The US Spot BTC ETFs added $332.8 million in new inflows.
Charts show similarities to Bitcoin’s 2017 cycle with a breakout in view.
Bitcoin whales have reduced their holdings to levels not seen since 2018, raising questions about market strength in early September 2025.
At the same time, BTC ETFs pulled in hundreds of millions in new money while Ethereum funds saw heavy withdrawals.
Historical BTC price charts also showed a striking similarity to the 2017 cycle.
Bitcoin Whales Reduce Their Share
Large BTC holders, often called whales, began cutting back their supply over the past months.
Data from Glassnode showed that entities holding between 100 and 10,000 Bitcoin now controlled an average of 488 BTC each.
Notably, this marked the lowest level since December 2018 and a steady decline that started in November 2024.
Bitcoin Whale Distribution | Source: Glassnode
Whales have long play
We współpracy z: https://www.thecoinrepublic.com/2025/09/04/bitcoin-whales-are-downsizing-is-uptember-push-at-risk/
