
Bitcoin Sees Strong Accumulation Despite Price Pullback: Whales Are Buying the Dip
Date: August 19, 2025
Source: CoinJournal
Key Highlights
Bitcoin is currently trading near $115,300, after briefly dipping below $114,000. Despite the price correction, on-chain data shows whale accumulation is accelerating.
According to CryptoQuant, the 30-day moving average of net BTC flows on centralized exchanges has fallen from –1,700 BTC/day to –3,400 BTC/day, signaling increased withdrawals versus deposits—a typically bullish sign.
Santiment also reports that whale and shark wallets (10 to 10,000 BTC) have added over 20,000 BTC to their holdings during the recent dip.
Additional Context & Market Signals
Spot Trading Volume Surge: On August 18, Binance recorded over $6 billion in spot trading volume, indicating strong demand amid falling prices. Additionally, large holders moved $1.4 billion less to Binance than usual, implying reduced sell pressure.
Record-High Accumulating Addresses: CryptoQuant shows that the number of accumulation-focused BTC wallets has surpassed 320,000—a historic high. This points to growing long-term holding behavior and tighter available supply.
Institutional Whales Are Back: Since March, whale wallets have acquired over 225,000 BTC, according to Santiment. Despite some ETF outflows in August (approx. $140 million), long-term institutional appetite remains healthy.
Why It Matters
Smart Money Buys the Dip: Instead of panic selling, major holders are capitalizing on price weakness to expand their positions—an encouraging signal for market sentiment.
Exchange Outflows Tighten Supply: The consistent withdrawal of BTC from exchanges reduces sell-side pressure and could establish a stronger price floor.
Positive Structural Signs: With spot volumes rising, whale behavior aligned, and wallet accumulation peaking, the market could be gearing up for a rebound—provided demand continues to build.