BitKoyn-Kits bought 30,000 BTC in two days.

During the past two days, holders of the first cryptocurrency purchased 30,000 BTC, according to on-chain data analyst Ali Martinez.
According to Santiment, over the past four months, whales holding balances between 10 to 10,000 BTC have accumulated 0.9% of the total supply of the currency.
Bitcoin accumulation is offset by profit taking from other large whales. Last week, one whale sold coins worth 9 billion dollars with the help of Galaxy Digital.

Glassnode analysts indicated that despite the large sell-off, most investors are still in profit. 97% of the traded coins are still "in profit," and unrealized gains in the market have exceeded 1.4 trillion dollars.
Waghr Awsi Zadah stated in a comment to Decrypt that whales are also showing interest in other assets. They are increasing their positions in Ethereum, Solana, and some meme coins like PEPE and WIF. According to him, this indicates diversification in high-yield tokens, although the main focus remains on L1 platforms.

The well-known CryptoQuant analyst known as crypto sunmoon pointed out that Bitcoin reserves among whales continue to show an upward trend. Historically, the peak of the 2021 cycle coincided with a significant drop in their assets. According to the expert, if the current accumulation trend changes, it may indicate an approaching potential peak.

In July, the value of the cryptocurrency market exceeded 4 trillion dollars, but it corrected afterwards. As of the time of writing this report, the figure is 3.81 trillion dollars.