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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin whale holdings have reached their lowest level in six years, raising concerns about the asset’s price trajectory amid its current price struggles. Interesting data from on-chain data analytics platform IntoTheBlock shows that the aggregate amount of Bitcoin held by whales has dropped to levels last seen in 2019. The decline comes at a time when Bitcoin is struggling to maintain momentum above $90,000, with most of the past week’s trading occurring between $85,000 and $90,000. Whale Holdings Plummet As Netflow Drops Sharply Bitcoin has been under intense selling pressure for the past two or so weeks, which has, in turn, allowed it to lose its strong footing above $90,000. Interestingly, IntoTheBlock’s latest data indicates that the netflow of Bitcoin among large holders has taken a substantial hit, as there have been more outflows than inflows from these whale addresses. As it stands, the total number of BTC held by whale addresses is now at its lowest level since 2019. Image From X: IntoTheBlock IntoTheBlock’s whale transaction metrics follow addresses holding at least 0.1% of the total circulating supply of Bitcoin. Over the past seven days, whale net flow has dropped by 85.78%, and in the past 30 days, it has declined by 70.22%. A sharp reduction in whale accumulation often signals diminishing confidence among major investors, leading to fears of increased selling pressure. Image From IntoTheBlock What This Means For Bitcoin’s Price Amid Market Struggles At the time of writing, Bitcoin is trading at $86,115, reflecting a 0.5% decline in the past 24 hours and a slight 0.2% drop over the past week. This relatively small movement suggests that Bitcoin has entered a consolidation phase at this level, as buying and selling pressures appear nearly balanced. …

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Filed under: News - @ March 9, 2025 7:20 pm