ChainCatcher reported, citing data from Santiment, that Bitcoin has reversed a whale-selling trend that had lasted for several months. According to the data, addresses holding more than 1,000 BTC now collectively control 7,170,000 BTC, marking the highest level recorded since March.
In on-chain reporting, addresses with very large balances are commonly described as whales. The Santiment figure cited by ChainCatcher focuses specifically on addresses holding at least 1,000 BTC, and the latest total shows that this group’s combined Bitcoin balance has risen back to 7,170,000 BTC.
The report centers on the shift in whale balances rather than on price action or trading activity. ChainCatcher did not include additional details on Bitcoin’s market price, transaction volume, or the pace at which these large addresses changed their holdings.