Bitcoin Whales Accumulate 510 BTC in Major $59M Buys

Published: 2025-08-19 03:21:59 |

Two major Bitcoin whales boosted their holdings by 510 BTC, totaling $59 million in purchases on August 19. Address bc1qgf acquired 300 BTC (≈$34.7 M), bringing its one-month accumulation to 1,521 BTC (≈$176.3 M). Meanwhile, bc1qgz added 210 BTC (≈$24.3 M), with 466.66 BTC (≈$54.1 M) accumulated over the past ten days. This significant Bitcoin whale accumulation underscores ongoing large-investor confidence in Bitcoin and may signal bullish market momentum as reduced circulating supply heightens price support.

Bullish

Large Bitcoin whale accumulation historically translates into bullish pressure by reducing available supply and signaling strong investor confidence. In past cycles, similar whale buys preceded price rallies as sell-side liquidity tightened. Short-term, this reduces downward pressure on BTC and can trigger momentum-driven buying. Over the long term, sustained whale accumulation underpins market stability and supports further upside as institutional and retail traders follow suit.