New queues have increased 3.1% of BTC supply since March

Bitcoin continues to consolidate its all-time high. Fresh accumulation activities in major wallet clusters are thrilling as market participants remain cautious.

In fact, a new wave of whales has emerged – with at least 1,000 BTC wallets and coins under six months, these whales have accumulated at an unprecedented rate.

New whale hoards 1.1 million BTC

According to the chain chain data shared by cryptocurrency brands, the “New Whale Supply” shows that between March 1 and June 4, 2025, these fresh imports doubled their holdings from about 500,000 BTC to 1.1 million BTC.

This growth value of 600,000 BTC is about $63 billion, representing a major change in the market structure. The cohort’s share of the total Bitcoin cyclic supply rose from 2.5% to 5.6%, effectively eliminating the ten-month mining output equivalent to the active cycle.

Unlike dormant cold wallets, crypto analysts explain that the metric specifically tracks new asset-liability commitments, thus providing clear beliefs about new beliefs and new capital entering the market. The report interprets this accumulation as a potential precursor to supply compression, often associated with an increase in rising volatility.

The average coin age of young confirmed that these were recently purchased rather than reactivated legacy.

Now all eyes are focused on this group of BTC holders, exchange flow trends in ETF basket activity, and the differences between derivatives funds and whale movements to make clues in the direction of the market. The current trend could significantly change Bitcoin’s near-term trajectory due to aggressiveness and capital-friendly buyers enter macrocatalysts such as potential rate cuts or ETF inflows.

The latest observations are consistent with GlassNode’s findings, which suggest that Bitcoin’s largest holders recovered their accumulation after a brief distribution. This is a major shift in on-chain behavior, and repurchase activity is seen in all wallet teams. Trend signal signals have enhanced market confidence following recent price consolidation and macro uncertainty.

Bitcoin tightens supply

According to the latest report from Sygnum Bank, Bitcoin supply is declining as institutional demand surges. As ETF inflows drop at 30% of the exchange balance, banks see this trend as a sign of long-term accumulation.

In addition, government interest in adopting Bitcoin as a reserve asset is accelerating, with the United States, the United Kingdom, Pakistan and even China exploring options. Sygnum said these important factors could trigger demand shocks and price volatility.