- Whales quietly amass $172M Bitcoin while prices test $115K lows.
- Strategic wallets linked to FalconX keep buying despite market weakness.
- Over 1,500 BTC accumulated in 30 days signals strong conviction.
Bitcoin has fallen back into the $115,000 range after failing to hold its August high of $123,000. While retail sentiment appears weak, recent whale activity shows a very different trend taking shape beneath the surface.
According to Onchain Lens, one wallet tied to FalconX inflows has been consistently building a massive position. It got 300 BTC (approximately $35 million) only yesterday. In the last 30 days, the exact address has received over 1,500 BTC, which is equivalent to approximately 176 million dollars in inflows.
The trend is indicative of a strategic pattern rather than movement. The inflows are usually in blocks of 100 BTC to 160 BTC, which means that they are controlled purchases occurring in intervals.
Another wallet within the same chain of activity has taken a similar route, securing 210 BTC earlier this week, which is approximately $24.3 million. In 10 days, that wallet itself received 467 BTC, or roughly $54 million, which is the majority of funds that came to it through FalconX.
Also Read: Strategy Adds to Bitcoin Holdings with $51.4 Million Purchase
Whale Accumulation Amid Price Weakness
While retail traders exit positions and funding data points to rising caution, whales appear to be stepping in at lower levels. Their steady buying as the market stresses show that they are eager to buy when sentiment is drying up.
Moreover, there is the magnitude of the accumulation. More than $172 million entering just two wallets in a matter of weeks underscores the seriousness of this strategy. Such consistent inflows indicate the difference between short-term panic on the broader market and long-term positioning by large holders.
Therefore, although charts indicate that Bitcoin is having difficulties regaining the recent highs, these whales are doubling down on their future bets. Their accumulation would give them a platform of stability since they would be on the other side of the market in times of decline.
Bitcoin’s price may look vulnerable on the surface, but $172 million quietly flowing into whale wallets suggests otherwise. The accumulation signals confidence from large investors, hinting that deeper market support is forming even as prices test lower ranges.
Also Read: “A Lot Could Happen For XRP and Ripple in October” – Lawyer Reveals What’s Coming
