Key Insights:
- Wallets holding between 10 and 10,000 BTC added 41,025 BTC over a 10-day period.
- Bitcoin’s price is aiming for further gains in October as the likelihood of interest rate hikes diminishes.
- U.S. spot Bitcoin ETFs pulled in $2.4 billion in weekly inflows through September 25, marking their largest weekly intake since October 2025.
Investor focus remains locked on Bitcoin as its value climbed another 1.6% over the past few hours following signs of cooling U.S. PCE inflation. Large crypto holders have initiated aggressive accumulation, snapping up upwards of 41,000 BTC across the last ten days. Concurrently, spot Bitcoin ETFs have mounted a robust recovery, bouncing back from negative $5 billion in July to a positive $1 billion balance.
Whales Support Bitcoin Price Action Accumulating 41,025 BTC
Following the market rallies in late August and September, Bitcoin’s price has maintained a steady footing around the $85,000 threshold, propelled by persistent heavy buying from whale accounts.
Data from Santiment reveals that wallets holding between 10 and 10,000 BTC accumulated 41,025 BTC over the span of 10 days. This activity lifted their combined holdings to 13.64 million BTC, accounting for 67.93% of the total circulating supply.
The analytics provider noted that these large sharks and whales have reached their peak holding levels since the mid-August market surge. Historically, Bitcoin and the wider cryptocurrency sector tend to exhibit stronger performance during phases marked by heavy accumulation.
Conversely, wallets holding less than 0.01 BTC showed little change, indicating that retail investor participation remains flat for the moment. This ongoing divergence between whale behavior and retail stagnation is a trend worth monitoring.
Bitcoin Price Prediction: BTC Put Options Drop After PCE Inflation Data
CoinGecko figures show that Bitcoin’s price advanced 2% over a 24-hour window, pushing back above $85,000. This upward momentum was triggered by August U.S. PCE inflation data pointing toward a cooling economy.
Headline PCE inflation eased to 3.4% over the past month, falling short of the 3.7% anticipated by the market. Core PCE inflation also landed below forecasts at 3.0%, down from projections of 3.3%.
Additionally, July’s headline and core PCE figures were both revised downward by 30 basis points. In the wake of these reports, expectations for an October interest rate hike decreased, driving Bitcoin and the broader digital asset market upward over recent hours.
Cryptocurrency analyst CW pointed out that bearish positioning within the BTC options market has lessened as the asset rebounds. According to CW, call options currently maintain an advantage through the close of the year, with the options market’s influence now nearly matching that of the futures market.
Analysts at 10x Research suggested that Bitcoin could experience a significant upward push during October. The firm entered August anticipating confirmation that Bitcoin’s bear-market low was established, with cycle indicators pointing toward a coiled market primed for a sharp ascent.
10x Research highlighted that Bitcoin surged following the August 19 announcement that U.S. federal debt surpassed $40 trillion, hitting $80,000 within a week before pulling back to $76,000 amid anxieties over a hawkish Federal Reserve.
However, within a week of that dip, Bitcoin climbed to $86,000 after Fed Chair Kevin Warsh hinted at a more accommodative monetary policy moving forward. The research firm noted that Bitcoin characteristically moves aggressively in response to specific catalysts rather than advancing steadily, emphasizing that October is historically packed with catalysts.
Spot Bitcoin ETFs Show Strong Recovery
According to the Kobeissi Letter, U.S. spot Bitcoin ETFs reeled in $2.4 billion in net inflows during the week ending September 25, registering their highest weekly intake since October 2025. These inflows brought year-to-date net totals to $1 billion, successfully erasing the $5 billion in cumulative outflows logged at the end of July.
These exchange-traded funds added another $66.2 million on September 29, stretching their ongoing inflow streak to nine straight sessions. BlackRock’s IBIT paced the field with $51.1 million in inflows, followed by ARK 21Shares’ ARKB at $33.2 million, while Bitwise’s BITB registered $18.1 million in outflows.
This report serves informational purposes exclusively and does not amount to financial or investment guidance. Macroeconomic conditions, derivatives market positioning, and Bitcoin valuations are subject to rapid fluctuation.
Frequently Asked Questions
- How much Bitcoin did whales accumulate recently?
Wallets holding between 10 and 10,000 BTC added 41,025 BTC over a 10-day period. - What caused the recent spike in Bitcoin’s price?
The price surge past $85,000 was driven by cooling U.S. PCE inflation data, which lowered expectations for an October interest rate hike. - How have spot Bitcoin ETFs performed recently?
U.S. spot Bitcoin ETFs recorded $2.4 billion in weekly inflows through September 25, reversing earlier outflows and pushing year-to-date net flows to $1 billion. - What percentage of Bitcoin’s supply do whales currently hold?
Whales and sharks hold a combined 13.64 million BTC, representing 67.93% of the total supply.