Simply Bitcoin NEW DATA: Have Bitcoin Whales Lost Control of The Price?! | EP 1325
Sep 4, 2025
Recent data reveals Bitcoin supply held by whales has hit a seven-year low, raising questions about their control over price movements. The surge in Bitcoin adoption mirrors the early internet, signaling a potential user base of one billion. Skepticism mounts around institutions like BlackRock, while optimistic predictions suggest significant price increases by year-end. With declining whale holdings and increasing corporate investments, the dynamics of the Bitcoin market are shifting, hinting at a possible bullish trend fueled by changing investor sentiments.
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Whale Holdings At Seven-Year Low
- Whale-held supply (100–10k BTC addresses) hit a seven-year low, down ~25% from the 2021 peak.
- That suggests a redistribution of supply away from OG whales into other holders since 2021.
ETF Era Broke Whale Control
- Since ETF launches in Jan 2024 the price diverged from whale supply trends, implying new buyers absorb whale selling.
- Opti argues ETFs and corporate/nation-state demand broke the old whale-driven price mechanism.
Demand Outpaces New Supply
- ETFs alone have been buying multiple times the annual mined supply, creating persistent upward pressure.
- Corporations bought ~640k BTC in a year, exceeding yearly issuance and draining exchanges further.