<ul><li>A group of new Bitcoin whales have accumulated $63 billion worth of BTC, doubling their holdings from 500,000 BTC to 1.1 million BTC between March 1 and June 4, 2025.</li><li>These wallet clusters consist of at least 1,000 BTC each, with coin ages under six months, indicating recent accumulation rather than legacy holdings.</li><li>Data from CryptoQuant's 'Supply Held by New Whales' indicator shows that the supply held by this cohort rose from 2.5% to 5.6% of total BTC supply, equivalent to absorbing nearly 10 months of mining output.</li><li>Market implications include potential supply squeeze, increased price volatility, and upward movement as a result of the rapid absorption of newly mined BTC by these new whale wallets.</li></ul>

New Bitcoin Whale Cohort Accumulates $63B in BTC

Discover more