Two Bitcoin Whales Accumulate Over 1,900 BTC via FalconX OTC
On-chain analytics from Lookonchain and Onchain Lens show two major Bitcoin whales have combined to accumulate over 1,900 BTC (~$230 million) via FalconX’s OTC desk in the past month. Whale 1 added 1,521 BTC at an average price of $117,921 per coin, including a single 300 BTC transfer. In the last ten days, Whale 2 acquired 466.66 BTC, highlighted by a 210 BTC purchase. This BTC accumulation via FalconX’s institutional-grade services occurred without significant market impact. Sustained whale buy-ins are tightening exchange supply and signaling bullish sentiment, suggesting potential support for Bitcoin price floors. Traders are advised to monitor on-chain flows and prime broker data for future price moves.
Bullish
The substantial accumulation of BTC by two whale addresses reduces the available supply on exchanges, a key bullish indicator that can support price floors in the short term. Execution through FalconX’s OTC services without price disruption reflects strong institutional demand and market confidence. Historically, such concentrated whale buy-ins have preceded upward price moves as reduced liquidity tightens supply. In the long term, these trends underscore growing institutional interest and potential for sustained bullish momentum in Bitcoin markets.