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Bitcoin sees sharp whale wallet distribution as social chatter hits lows
CryptoQuant data showed wallets holding 100 to 1,000 BTC distributed about 67,000 BTC on July 13, roughly $4.3 billion, even as US spot Bitcoin ETFs swung from inflows to large outflows.
Bitcoin’s social media discussion across major crypto channels has fallen to its second-lowest daily level since October 2024, with price holding near $64,609 as of the recent stretch, according to CryptoSlate citing Santiment.
CryptoQuant data cited in the piece found that wallets holding 100 to 1,000 BTC distributed about 67,000 BTC on July 13, the cohort’s strongest selling activity since February. At current prices referenced by the report, that redistribution amounts to about $4.3 billion moving out of those wallets in one day, or roughly 0.33% of Bitcoin’s circulating supply of nearly 20 million BTC.
The report also notes that newer whale wallets have continued accumulating, pointing to a rotation of supply away from older whale cohorts toward newer ones. That dynamic, combined with extremely low public attention, is framed as a potentially less crowded setup, though the article flags uncertainty around whether buy-side demand during the quiet period can fully absorb the supply being released.
On the US ETF side, Farside Investors data cited by CryptoSlate shows US-traded spot Bitcoin ETFs pulled in about $197.4 million over the July 6-10 week, before reversing sharply on July 13 with roughly $424.7 million in net outflows that day. The article adds that 30-day ETF net flows are negative in Glassnode’s tracking, while daily trading volume has run about $650 million to $950 million, roughly 80% below the October 2025 peak.
Latest closeBitcoin $64,633.46 ▼0.5%