According to Santiment, the Crypto Market Analytics platform, Bitcoin Zilla, which has between 10 and 10,000 BTC, has accumulated 0.9% of its total supply over the past four months.
This hits a complete 1%, considering 19,899,417 BTC is currently in circulation. Bitcoin Unmined supply.
In the last 48 hours alone, Bitcoin Zilla has accumulated 30,000 BTC, Chain analyst Ali Martinez said in X, citing the Santiment dashboard.
🐳🦈Wallets with 10-10k bitcoin have accumulated 218,570 $BTC back in late March. These key stakeholders collectively hold 68.44% of all Bitcoin supply, adding about 0.9% of all coins to their wallets in this time frame. pic.twitter.com/wauro7v8ow
– santiment (@santimentfeed) July 31, 2025
At the time of writing, Bitcoin had changed hands at $118,556 after winning 0.8% in the past day. According to Price Aggregator Coingecko, BTC is sitting at the price last week. Spot trading in past days has increased significantly to $44 billion.
The odds on Myriad Market have been reversed several times as users staked whether Bitcoin would exceed $119,000 by August 1st. At the time of writing, critics outperform optimists by 55% to 45%. However, since the forecast market opened at the beginning of the week, the consensus has been repeated at least five times.
(Disclosure: Myriad is a forecast market and engagement platform developed by editorially independent parent company Dastan. Decryption. )
Despite the increasing accumulation of Bitcoin Dilla, it is offset by profits from several large Hodlers.
Last week, one of the biggest bitcoin jiras in history offloaded a huge strip of Bitcoin. It started with $3 billion that morning. But by the end of the day, the whales had dropped $9 billion on the market with the help of Crypto Asset Manager Galaxy Digital.
GlassNode analysts noted that the remaining Bitcoin investors are still mostly sitting on the green.
“Even after this large distribution event, the magnitude of unrealized profits held by market participants remains strong,” the analyst wrote. “We currently hold over $1.4 trillion in paper profits, with 97% of our distribution supply still making profits.”
Bitget’s chief operating officer Vugar Usi Zade said last week that whales are beginning to stoke appetite for other assets as well.
“Whales in particular have accumulated a large ETH position, including Sharplink Gaming’s recent $463 million stake, but Solana continues to attract attention because of its thriving Defi and Memecoin ecosystem,” he wrote in a shared note. Decryption.
Sharplink’s July Etherum purchases have been on the rise since he shared the notes. The company dropped a total of $780 million to buy ETH that month.
He added that it has also been extended to some choice meme coins, like Pepe and WIF. This shows that large investors are “diversifying into high alpha play, but the main focus is strong utilities on established layer-1 platforms.”
Zade said it expects Crypto’s total market capitalization to be updated towards $4 trillion in the third quarter. In fact, the market capitalization was over $4 trillion on July 27th. But it lost a bit of steam, and is now $3.44 trillion, and hasn’t changed from afar since a week ago.
