Bitcoin News: BTC Enters Accumulation Zone as Whales Add 19,610 Coins

Key Insights:

• Bitcoin news shows a sell-side risk ratio of 0.031, in its cycle’s third percentile.
• Whale wallets added 19,610 BTC while small retail balances fell 0.55%.
• BTC trades near $63,600, but weak spot demand leaves the bottom unconfirmed.

Bitcoin moved back toward $63,600 on August 3 after briefly falling near $62,200. The rebound followed renewed attention on deep on-chain stress and expanding whale holdings. This Bitcoin news points to an accumulation phase, though analysts have not confirmed a final market bottom.

Analyst Axel Adler Jr., cited by CryptoQuant, said the Adaptive Sell-side Risk Ratio fell to 0.031. That places the metric in the third percentile of the current halving cycle.

Meanwhile, Santiment data showed that larger wallets added 19,610 BTC while small retail balances declined. The split suggests stronger holders are absorbing supply while short-term confidence stays fragile.

Bitcoin News Shows Sell-Side Risk Ratio Near Cycle Lows

The Adaptive Sell-side Risk Ratio compares realized gains and losses with Bitcoin’s broader cost basis. Lower readings usually show limited profit-taking and reduced willingness to sell. The latest 0.031 reading sits below 97% of daily observations since April 2024. It also reflects a market where profitable and losing sellers have become less active.

This Bitcoin news does not prove that the price of Bitcoin has reached its final low. Similar conditions appeared during the later stages of earlier bear markets. However, the indicator stayed near its lower boundary for months during those periods. BTC also traded inside wide ranges and sometimes formed new lows before recovery.

Adler described the current setup as more favorable for long-term risk and reward. Even so, he stressed that a local bottom still needs confirmation. The ratio has stayed below its 25th percentile since late January. Its two-month average has also remained below 5%, showing prolonged compression and market repricing.

Bitcoin News Tracks Whale Buying as Retail Balances Fall

Santiment data show that wallets holding between 10 and 10,000 BTC have added 19,610 coins since July 29. Their combined holdings increased by about 0.14% during that period. Wallets holding less than 0.01 BTC saw their balances reduced by 0.55%.

This Bitcoin news shows a clear disparity between large holders and smaller traders. When coins are withdrawn from active selling platforms, this leaves less supply to accommodate whale accumulation.

Retail selling can also shift supply towards those who will hold it longer. However, wallet groups may include funds, custodians, and other large entities.

The accumulation arrived as the BTC price struggled to hold above nearby resistance. Bitcoin traded near $63,628, with an intraday range between $62,227 and $63,996. That leaves buyers close to the $64,000 area, where recent rebounds have repeatedly lost momentum.

Weak retail confidence may keep volatility elevated. Yet larger wallets appear willing to add exposure during price weakness. The pattern supports the accumulation argument, but it does not confirm immediate upside.

BTC Price Faces Resistance Before Bottom Confirmation

Glassnode has described Bitcoin’s market structure as a consolidation regime. Onchain data shows weak spot participation, softer on-chain activity, and defensive options positioning. Institutional flows and resilient long-term holders provided support, though broad buying conviction stayed limited.

This Bitcoin news keeps the focus on spot demand rather than on a single indicator. The BTC price needs sustained buying volume to move beyond its current range. Recent Glassnode analysis reveals the recovery attempts lacked broad participation despite improving institutional flows.

The price of Bitcoin also faces concentrated trading interest around $62,000 and $64,000. Those zones can attract rapid moves when leveraged positions build nearby.

Bitcoin’s intraday high reached $63,996 on August 3, while the session low touched $62,227. The range kept the asset below $64,000 despite the rebound.

Note: This content is for informational purposes only and not financial advice. Cryptocurrency investments involve risk. Conduct your own research and consult a licensed financial advisor before making investment decisions.

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