24/7 Cryptocurrency News

Bitcoin Whale Addresses At A 3-Year Supply Low, Here’s the Details…

The total supply held by Bitcoin whales has dipped to 45% last seen in June 2019. Smaller addresses continue to accumulate.
Published by
Bitcoin Whale Addresses At A 3-Year Supply Low, Here’s the Details…

After showing some volatility last week, the world’s largest cryptocurrency Bitcoin has maintained a steady position at around $19,200 levels. The recent BTC price movement has confused investors as to in which direction it will swing next.

On-chain data also shows an interesting exchange of hands between the whales and the smaller addresses. Crypto analytics platform Santiment explains that BTC whales are holding the lowest supply in the last three years. At the same time, the BTC supply with small and mid-sized addresses has touched an all-time high. The Santiment report notes:

Bitcoin’s small to mid-sized addresses (holding 0.1 to 10 $BTC) hold an #AllTimeHigh 15.9% of the coin’s available supply. Meanwhile, whales (holding 100 to 10k $BTC) are at a 3-year low at 45.6% of the supply. #Stablecoin marketcaps are at a 2022 low.

Courtesy: Santiment

At the same time, the Bitcoin supply on the move over the last six months has reached all-time lows, reports Glassnode. In a six-month period, the active circulating supply for BTC has reached 18.12% or at 3.485 million BTC. As Glassnode explains: “Historically, very low volumes of mobile supply typically occur after prolonged bear markets”.

Courtesy: Glassnode

Where Is Bitcoin Heading Next?

Crypto market analyst Capo notes that Bitcoin could give a bullish move all the way to $21,000 which is its major resistance area. Also, as we reported, the Bitcoin futures market indicates reduced selling pressure. Additionally, data from Coinbase’s professional trading platform Coinbase Pro shows that more than 48,000 BTC moved out of the platform. It looks like institutional players are turning active once again.

However, Capo adds that the broader trend is bearish. He further noted:

Current support level is 18k-19k. Price has been bouncing from this level several times. However, bounces are getting weak. This shows that the buying power from this level is weaker and that bears are pushing lower everytime. It should eventually break.

 

Advertisement

Share
Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

VanEck Registers Lido Staked Ethereum Trust in Delaware, LDO Up 7%

VanEck has formally registered its VanEck Lido Staked Ethereum ETF in Delaware. If approved, this…

October 3, 2025
  • 24/7 Cryptocurrency News

Fed’s Lorie Logan Urges Caution on Further Rate Cuts Citing Inflation Risks

Federal Reserve Bank of Dallas President Lorie Logan is the latest Fed official to share…

October 3, 2025
  • 24/7 Cryptocurrency News

Nasdaq-Listed Fitell Adds Pump.fun’s PUMP To Supplement Solana Treasury

Australia’s Fitell Corporation has purchased 216.8 million PUMP tokens for $1.5 million. The Nasdaq-listed company…

October 3, 2025
  • 24/7 Cryptocurrency News

FG Nexus to Tokenize Stock on Ethereum as SEC Weighs 24/7 Onchain Stock Trading

FG Nexus has announced that it will allow shareholders to convert common stock into tokenized…

October 2, 2025
  • Bitcoin News

Bitcoin Still Undervalued, JPMorgan Forecasts Rally to $165,000

JPMorgan says Bitcoin (BTC) is undervalued compared to gold and could rise to $165,000, giving…

October 2, 2025
  • 24/7 Cryptocurrency News

Breaking: CME to Launch 24/7 Crypto Futures Trading Amid Rising Institutional Demand

Derivatives exchange CME Group has announced plans to begin offering 247/7  crypto futures and options…

October 2, 2025