Bitcoin wallets holding between 10 and 10,000 BTC have aggressively accumulated coins over the past week.
This aggressive accumulation continues even as Bitcoin’s price has shown significant fluctuations recently, ranging between $103,000 and $110,000. As of June 4, 2025, Bitcoin trades at $105,366, marking a 3.24% decline over the past week.
Intense Accumulation by Large BTC Holders
According to data from Santiment, wallets holding between 10 and 10,000 BTC have been accumulating Bitcoin at an extraordinary pace. In just one week, these wallets added a total of 79,244 BTC, which equates to an average of 11,321 BTC per day.
The sharp upward trend in these holdings highlights the growing dominance of these Bitcoin “whales” in the market. As of June 2, their total holdings have surpassed 13.57 million BTC.
This aggressive accumulation is noteworthy because it suggests that large holders are positioning themselves to control a larger share of Bitcoin’s available supply. With significant amounts of Bitcoin withdrawn from exchanges, this could lead to a tightening of supply, potentially putting upward pressure on the price.
Nobody is Selling Bitcoin: Eric Trump
At the 2025 Bitcoin conference, Donald Trump’s son Eric Trump highlighted the rising demand for Bitcoin with a limited supply.
Specifically, he cited growing interest from entities like sovereign wealth funds committing billions of dollars daily. He noted that fewer than 100 companies held Bitcoin a year ago, but that number has surged recently.
Meanwhile, Bitcoin’s supply is dwindling, particularly on over-the-counter platforms and exchanges, where inventory levels are rapidly decreasing. With demand outpacing supply, Eric projected that Bitcoin’s price could soar to between $150,000 and $170,000 by the end of 2026.
Companies Diversifying to Bitcoin Treasury
Additionally, recent reports highlight a growing trend of companies diversifying their cash reserves by purchasing Bitcoin. According to data, 12 companies disclosed acquiring Bitcoin for the first time in May 2025.
Notable buyers included GameStop, which acquired 4,710 BTC, and Zap Solutions, which purchased 1,500 BTC. Other companies such as DDC Enterprise, Roxom Global, and ATAI also made smaller acquisitions.
On this note, Binance founder Changpeng Zhao stated that not taking risks to buy Bitcoin is a risk in itself.
BTC Netflow Data Reflects Strong Whale Activity
Further supporting the accumulation trend, Bitcoin netflow data reveals a sharp increase in the activity of large Bitcoin holders. Over the past seven days, the netflow of large wallets surged by 92.32%.
This suggests that these holders continue moving Bitcoin into their wallets, reinforcing the ongoing accumulation pattern.
Bitcoin Large Holders Netflow
However, the 30-day and 90-day netflow figures present a contrasting picture. The 30-day change shows a sharp reversal in netflow, amounting to a decline of 16,945.59% compared to the previous period, likely reflecting a major outflow earlier in the month.
Meanwhile, the 90-day change reflects a 621.02% drop, suggesting that recent accumulation contrasts sharply with lower activity in the prior months.
