BTC has experienced a substantial fall in wallet activity, leading to a notable change in the market movement. Today, a crypto analyst reported data showing that the total amount of BTC held by big wallet holders has fallen to its lowest level since 2019.
BTC held dropped to 7,800,000 million
As of today, March 8, 2025, the amount of Bitcoin held by of BTC whales (wallet addresses holding 1,000 or more BTC) has dropped to its lowest level since August 2019. The last time, the number of whales decreased to its lowest level in 2019 was August 5 when they totalled 2,023. According to today’s data by IntoTheBlock, the amount of Bitcoin held by whales has currently decreased to a low of around 7,800,000 million BTC, as show in the chart.
This drastic decline shows that some big Bitcoin holders have been selling their BTC, possibly shifting into other altcoins or keeping their funds preparing for fresh movements. A decrease in BTC being held by big holders could suggest repositioning, implying that big holders are offloading rather than buying. With the amount of BTC held by prominent investors is at a six-year low, the asset’s price may experience heightened selling pressure, making it difficult for the asset to maintain robust uptrend.
Why BTC price fall today
Today BTC price is currently trading at $86,221 after seeing a decrease by 3.3%. The drop came despite President Trump signed an executive order that paved the way for the development of a strategic Bitcoin stockpile.
The announcement, which initially anticipated to bolster market sentiment, has caused a widespread dissatisfaction to investors. Yesterday, on Friday, March, 7, things got bad after the US government announced that it would not be purchasing new Bitcoin but only depend on accumulating confiscated assets.
The government will fund the strategic Bitcoin stockpile only through assets seized through civil and criminal cases. Investors had expected that the government would directly buy Bitcoin, possibly bolstering demand and price. On Friday, the White House made it clear that no taxpayer money would be utilized for crypto accumulations. This development discouraged bullish sentiment in the market. As a result, BTC reacted negatively to the news that the government wouldn’t be a purchaser of crypto.
