Key Takeaways
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A large Bitfinex whale has ramped up Bitcoin purchases to roughly 450 BTC per day as prices slipped below $90,000.
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That pace of buying effectively matches the entire amount of new Bitcoin mined each day.
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The accumulation is pushing back against recent macro-driven price weakness and tightening available supply.
Bitcoin (BTC) has traded in a narrow $85,000–$95,000 range for nearly three months, sapping investor confidence and dimming hopes of a sustained bull run.
Repeated attempts to hold above $90,000 have failed, with rallies toward $95,000 quickly fading.
Yet even as both institutional and retail investors cut exposure, one Bitcoin whale has quietly gone on an aggressive accumulation spree.
The activity from the Bitfinex whale, first flagged by Blockstream CEO Adam Back on X, shows a steady, deliberate accumulation pattern that effectively absorbs the market’s entire net daily supply of newly mined Bitcoin.
At current prices, that pace amounts to roughly $40–41 million worth of BTC per day.
The buying reportedly started closer to 300 BTC daily but accelerated to the full 450 BTC as prices tested the $90,000 level.
This behavior isn’t unusual for the wallet in question. The same entity has a history of accumulating during periods of
In mid-2024, for example, it bought between 300 and 400 BTC per day when prices dipped below $62,000, then gradually sold into later rallies.
During the 2022 bear market, the whale accumulated more than 70,000 BTC between roughly $16,000 and $40,000.
Portions of that position were later sold in 2024 as prices climbed from $70,000 to over $100,000.
In the current cycle, the renewed buying appears less about speculation and more about supporting price during a volatile stretch—at least for now.
Bitcoin briefly climbed above $97,000 earlier last week, supported by upbeat market sentiment and optimism around new crypto legislation.
That momentum quickly faded after President Donald Trump announced fresh tariffs on several European countries, erasing most of the gains from the prior rally.
The pullback—and Bitcoin’s repeated failure to hold the $90,000 level—has unsettled many retail traders.
At the same time, large holders such as the Bitfinex whale have treated the dip as a buying opportunity, steadily accumulating BTC at lower prices.
The surge in whale buying coincided directly with Bitcoin’s slide below $90,000, as broader pressures weighed on the market.
Those pressures included tariff uncertainty, ETF outflows, and rising geopolitical tensions.
By purchasing roughly the equivalent of daily mining issuance, the whale’s activity has created a localized supply squeeze, offsetting sell-side pressure from miners and helping anchor prices near a key psychological level.
Many analysts see this behavior as a bullish signal, pointing to long-term conviction even as short-term sentiment remains cautious amid macro uncertainty.
At the time of writing, Bitcoin is trading near $90,014 after dipping to a weekly low of $87,231.
Although Trump later rolled back some tariff measures, sparking a brief rebound, the move once again failed to gain lasting traction.
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