Bitcoin Whales Grab 40,100 BTC as August Looms

Large Bitcoin holders wasted no time buying the dip in late July, snapping up 40,100 coins worth roughly $2.6 billion over a nine day span. Data shows wallets holding between 1,000 and 100,000 tokens began increasing their supply share in late July. Derivatives markets showed a similar pattern, with large traders leaning heavily into long positions while retail traders stayed cautious.

Institutional money followed shortly after the whale buying began. United States spot Bitcoin exchange traded funds bounced back with $233.1 million in net inflows on July 30, led largely by BlackRock. This strong day of inflows erased a painful four day streak of redemptions and proved that big players were ready to back the market turnaround.

This aggressive accumulation comes right as Bitcoin enters August, which stands out as its worst month on the calendar with a median return near negative 8%. While historical seasonal trends point to caution, the heavy buying from whales and funds shows big money is betting on a surprise rebound. Traders will watch closely to see if these large bets pay off or if seasonal weakness takes over.