Bitcoin whales add 54,000 BTC as price stalls below $65K

Bitcoin fell to $62,535 on Aug. 14, testing a level that last month triggered a rebound to $65,500, even as whale wallets accumulated 54,000 BTC.

"The largest holders are increasing their exposure while smaller holders are reducing theirs," crypto analyst Woominkyu said, citing CryptoQuant data on wallet cohorts. Wallets holding 100 Bitcoin or more added 54,000 BTC since June 14, while shark and retail wallets sold.

The share of UTXOs in profit sits at 53.7 percent on a 30-day average, versus a yearly average of 74.6 percent, according to analyst Axel Adler Jr. The 30-day moving average of total Bitcoin transferred across the network rose 23 percent from an April low of 627,700 BTC to 769,100 BTC, now above the 365-day average.

Improvement in UTXOs in profit and higher transfer volume would point to stronger on-chain conditions and a potential recovery, but the price must clear the $65,000 supply zone to confirm a breakout.

Whale accumulation meets thin liquidity

Spot Bitcoin ETFs drew about $853.5 million in the week ending Aug. 7, their best week since April 17, according to SoSoValue. Yet the inflow streak reversed to a net outflow on Monday, an early sign the momentum may be fading.

Liquidity remains thin. Monthly trading volume on Binance fell about 45 percent year over year in July, while OKX dropped roughly 57 percent, one CryptoQuant analyst noted. Shrinking depth lets modest flows swing prices sharply.

The 30-day average of UTXOs in profit bounced from 48 percent to 53.7 percent in recent days, slowing the pace of deterioration. Miners have held firm despite the drawdown: Bitcoin's average production cost stands at $76,500, a 17 percent premium to the current price, yet miner selling pressure has stayed weak and miner stocks have outperformed the leading crypto in 2026.

With US inflation data due this week, the coming sessions may show whether accumulation can pull the recovery wider. A break above $65,000 would open the path toward the mining cost level, while a failure risks a retest of the $62,500 support.

This article is for informational purposes only and does not constitute investment advice.