CryptoQuant knowledge signifies that Bitcoin whale promoting stress started to shift in October. On-chain evaluation revealed the 30-day share change within the quantity of Bitcoin held by whales, the place the destructive values point out that whales have been creating promoting stress.
On-chain analyst Burak Kesmeci additionally famous that there was a decline in whale balances as of September 2025. In accordance with the crypto pundit, the purple zone on the chart clearly reveals that whales have offloaded a major quantity of Bitcoin over the previous 30 days.
Bitcoin hits new all-time excessive
The promoting stress by whales is obvious within the drop in BTC costs final month, however knowledge reveals that whales have began to gradual their promoting tempo within the first days of October.
Cryptoquant researchers urged that the change could point out a potential re-accumulation part, arguing that whales reached a degree of promoting exhaustion that would help Bitcoin’s short-term uptrend.
The info additionally confirmed that some whale addresses are transferring their digital property from exchanges and into self-custody. Lookonchain final week recognized pockets 0x982c as having withdrawn 29,029 ETH, value roughly $118 million, from Kraken. The analytics agency additionally famous that handle Oxa312 pulled 8,695 ETH, value roughly $39.5 million, from Binance.
Complete Bitcoin whale holdings and month-to-month share change. Supply: CryptoQuant
OnChain Lens highlighted that one other whale scooped up 7,311 ETH at a mean worth of $4,514. The analytics agency famous that the handle later provided the tokens to Aave for lending. The whale additionally at the moment holds 38,275 ETH value $172.9 million and BTC value $4.34 million in lending in a number of wallets.
Bitcoin pockets bc1qks additionally offloaded 620 BTC, value roughly $76 million, from Binance. Such large actions recommend large-scale repositioning of capital away from exchanges and sign that whales predict additional worth appreciation.
On-chain knowledge confirmed that Bitcoin alternate balances dropped to their lowest degree in 5 years. Roughly 170,000 BTC have been faraway from crypto exchanges within the final 30 days, with the just-concluded week recording probably the most exercise. The shift has pushed the BTC alternate steadiness beneath 2.85 million BTC for the primary time since January 2021.
On the time of publication, Bitcoin is exchanging palms at round $123,942, up roughly 10.52% within the final 7 days. On-chain knowledge additionally reveals that BTC has surged by almost 12% within the final 30 days.
The digital asset additionally surged to a brand new all-time excessive above $125,000, including to the bullish momentum of “Uptober.” Bitwise Analysis CEO Hunter Horsley predicted that Bitcoin may attain $200K by the top of the 12 months.
The surge in BTC costs final week got here as institutional curiosity within the digital asset remained robust. A brand new market report from VanEck revealed that institutional confidence in digital property continued to develop by means of September. The report revealed that complete holdings in Digital Asset Treasuries (DATs) have surged to greater than $135 billion.
Bitcoin DATs and ETFs accumulate extra digital property
Bitcoin Treasuries confirmed that 14 public treasury firms elevated their Bitcoin reserves over the previous week alone, whereas just one diminished its place. Metaplanet made the most important addition of round 5,268 BTC, whereas Marathon Digital and CleanSpark added 373 and 308 BTC, respectively.
The biggest Bitcoin treasury firm, Technique, additionally added 196 BTC to its holdings. Bitcoin Treasuries reported that the highest 100 public firms collectively maintain 1,038,119 BTC as of October 5.
On-chain knowledge revealed that ETFs noticed the largest shopping for weeks of the 12 months for BTC and ETH. SosoValue knowledge confirmed that spot Bitcoin ETFs recorded $3.24 billion value of inflows within the just-concluded week, reversing the $902.5 million outflows seen the earlier week.
Spot Ethereum ETFs recorded $1.30 billion in inflows final week, reversing the $795.56 million outflows the earlier week. On-chain knowledge confirmed that this week’s ETH influx quantity is the most important weekly influx on document for spot Ethereum ETFs this 12 months.
