January 18, 2026
Breaking
Nasdaq Warns Bitcoin Hardware Maker Canaan About Delisting Major lender Newrez to accept Bitcoin, Ethereum, and stablecoins for mortgage qualification Argentina Moves to Let Banks Offer Bitcoin and Crypto Services … Bitcoin Order Book Imbalance Signals Buy-Side Pressure Near $88,000
CryptoCurrency

On-Chain Bitcoin [BTC] Trends Suggest That Whales Are On A Stacking Spree

On-Chain Bitcoin [BTC] Trends Suggest That Whales Are On A Stacking Spree

On-Chain Bitcoin [BTC] Trends Suggest That Whales Are On A Stacking Spree

advertisement

PrimeXBT


Telegram Channel


Data suggests that Bitcoin [BTC] hodlers are exhibiting strong hands as the post halving bull market continues to rage. Both institutional and retail investment, on-chain, is at an ATH, looking to ‘stack sats.’

Store of Value

The velocity of ‘money’ is a measurement of the rate of exchange of the ‘currency’ in the market. High velocity is positive for the currency as it represents greater demand and liquidity for that ‘money.’
Nevertheless, in the case of Bitcoin lower velocity represents stronger hands. The chart shows a higher velocity during the prior two bull markets which is yet to be seen in this bull trend. Jamesson Lopp tweeted,
Velocity of total supply and of one-year active supply (i.e. the supply that has been transacted at least once within the last year) of bitcoin has reached lows not seen since 2011. Folks don’t want to part with their bitcoin.
bitcoin supply velocity
Bitcoin Supply Velocity (Source: Tweet) 

The number of addresses holding more than 1 and 1000 BTC has also reached a new All-Time High (ATH). This is positive from a both retail and institutional perspective. Prominent trader, Filbfilb (alias) tweeted,

Advertisement

1xbit


The number of addresses with >1 BTC (retail) and the number with >1000 BTC (HNWI / Institutions) has hit all-time highs, at a time when the number of BTC being held on-exchange is reaching new local lows and the inflation rate has recently been halved.
bitcoin addresse
No. Bitcoin Addresses above 1000 BTC (Source: Tweet)

Notably, the time after the asset prices crash during mid-march due to coronavirus crisis saw a considerable increase in the number of addresses above 1000 BTC. This suggests positive buying action by “whales.”

Miners’ Confidence

The first entities to be affected by the halving are miners as their rewards are reduced in half. However, the miners are continually adding to the network, strengthening the long-term value proposition. On the supply side, the total hash rate and difficulty are at new highs. There was a brief drop in hash rates post halving, from which the network has now fully recovered.

bitcoin network difficulty
Bitcoin [BTC] Total Network Difficulty (Source)
The total hash-rate is at par with the pre-halving levels after reaching a new ATH last week on 16th August. Despite the drop in rewards by 50%, the increasing hash-rate comes with a huge capital investment which builds confidence around the future of the technology.
Do you think that Bitcoin [BTC] is coiling up for a move higher or correction is underway? Please share your views with us. 
On-Chain Bitcoin [BTC] Trends Suggest That Whales Are On A Stacking Spree
Article Name
On-Chain Bitcoin [BTC] Trends Suggest That Whales Are On A Stacking Spree
Description
Data suggests that Bitcoin [BTC] hodlers are exhibiting strong hands as the post halving bull market continues to rage. Both institutional and retail investment, on-chain, is at an ATH. 
Publisher Name
Publisher Logo


Worldmarkets


To get the daily price analysis, Follow us on TradingView

Coingape is committed to following the highest standards of journalism, and therefore, it abides by a strict editorial policy. While CoinGape takes all the measures to ensure that the facts presented in its news articles are accurate.

Disclaimer
The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
Author: Nivesh Rustgi

On-Chain Bitcoin [BTC] Trends Suggest That Whales Are On A Stacking Spree


Nivesh from Engineering Background is a full-time Crypto Analyst at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on Twitter at @nivishoes or mail him at nivesh(at)coingape.com

Published at Mon, 24 Aug 2020 13:50:00 +0000

Previous Article

On-Chain Bitcoin [BTC] Trends Suggest That Whales Are On A Stacking Spree

 Next Article

On-Chain Bitcoin [BTC] Trends Suggest That Whales Are On A Stacking Spree

You might be interested in …

Close Menu