Bitcoin Whales Buy Over 1,500 BTC Despite Market Pullback
Bitcoin (BTC) has seen a tough stretch lately, slipping back to the $115,000 range after failing to hold its August high of $123,000. While the price chart looks shaky, on-chain data reveals a different story: major players are quietly accumulating Bitcoin in impressive amounts.
According to Onchain Lens records, one wallet connected to FalconX inflows has been steadily acquiring Bitcoin, suggesting a deliberate accumulation strategy rather than random buying. Just yesterday, this wallet received 300 BTC—equivalent to nearly $35 million. Over the past 30 days, it has amassed more than 1,500 BTC, totaling about $176 million.
Another Heavy Buyer Close Behind
A second wallet is following closely, recently adding 210 BTC (worth approximately $24.3 million) in a single transfer. In just 10 days, it has accumulated nearly 467 BTC, valued at about $54 million. Most of these coins are moving directly from FalconX, indicating coordinated or informed buying behavior.
What Does This Mean for Bitcoin’s Future?
While Bitcoin’s price chart may be disappointing for retail investors, whale activity often paints a different picture. The fact that these massive accumulations happen as prices fall suggests that institutional or large investors see value in the dip. They might be preparing for a longer-term hold, ignoring short-term market jitters.
With over $172 million flowing into just two wallets, this quiet buying spree could signal that the bull run might not be over yet — and smart money could be positioning itself for the next big move.
