Bitcoin Whales Add 81,338 BTC in May
A recent Santiment report, from a top on-chain analytics platform, highlights significant accumulation by Bitcoin whales, often indicating positive market health. Wallets holding between 10 and 10,000 BTC have collectively acquired an additional 81,338 BTC by early May 2025, according to Santiment’s data shared on May 6.
This trend, observed around 10:00 UTC, suggests growing confidence among major stakeholders in Bitcoin’s near-term trajectory.
At the time of the report, Bitcoin was trading at about $95,200 on major exchanges like Binance and Coinbase, with a 24-hour trading volume of roughly $38.5 billion across key pairs such as BTC/USDT and BTC/USD, according to CoinMarketCap.
This whale activity aligns with a broader market uptrend, as BTC has gained around 4.2% week-over-week by May 6, indicating sustained buying pressure. For traders, this could signal a potential breakout if momentum continues, given that whale accumulation often precedes significant price surges in Bitcoin’s history.
