• bitcoinBitcoin (BTC) $ 79,288.00
  • ethereumEthereum (ETH) $ 2,250.75
  • tetherTether (USDT) $ 0.999503
  • bnbBNB (BNB) $ 667.91
  • xrpXRP (XRP) $ 1.43
  • usd-coinUSDC (USDC) $ 0.999687
  • solanaSolana (SOL) $ 90.27
  • tronTRON (TRX) $ 0.350106
  • staked-etherLido Staked Ether (STETH) $ 2,265.05
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.04
  • dogecoinDogecoin (DOGE) $ 0.112721
  • whitebitWhiteBIT Coin (WBT) $ 58.31
  • usdsUSDS (USDS) $ 0.999636
  • cardanoCardano (ADA) $ 0.263929
  • leo-tokenLEO Token (LEO) $ 10.06
  • wrapped-stethWrapped stETH (WSTETH) $ 2,779.67
  • hyperliquidHyperliquid (HYPE) $ 38.49
  • zcashZcash (ZEC) $ 522.19
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 76,243.00
  • bitcoin-cashBitcoin Cash (BCH) $ 432.40
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998762
  • chainlinkChainlink (LINK) $ 10.16
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 2,466.93
  • moneroMonero (XMR) $ 396.08
  • canton-networkCanton (CC) $ 0.156233
  • the-open-networkToncoin (TON) $ 2.10
  • wrapped-eethWrapped eETH (WEETH) $ 2,465.31
  • stellarStellar (XLM) $ 0.158848
  • suiSui (SUI) $ 1.21
  • susdssUSDS (SUSDS) $ 1.08
  • usd1-wlfiUSD1 (USD1) $ 0.999384
  • litecoinLitecoin (LTC) $ 56.85
  • daiDai (DAI) $ 0.999676
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 76,366.00
  • memecoreMemeCore (M) $ 3.32
  • avalanche-2Avalanche (AVAX) $ 9.68
  • hedera-hashgraphHedera (HBAR) $ 0.093103
  • wethWETH (WETH) $ 2,268.37
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • shiba-inuShiba Inu (SHIB) $ 0.000006
  • rainRain (RAIN) $ 0.007467
  • usdt0USDT0 (USDT0) $ 0.998824
  • paypal-usdPayPal USD (PYUSD) $ 0.999707
  • global-dollarGlobal Dollar (USDG) $ 0.999569
  • crypto-com-chainCronos (CRO) $ 0.073048
  • hashnote-usycCircle USYC (USYC) $ 1.12
  • bittensorBittensor (TAO) $ 294.06
  • tether-goldTether Gold (XAUT) $ 4,673.63
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.22
  • uniswapUniswap (UNI) $ 3.58
  • mantleMantle (MNT) $ 0.675643
  • polkadotPolkadot (DOT) $ 1.33
  • pax-goldPAX Gold (PAXG) $ 4,672.97
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.068607
  • nearNEAR Protocol (NEAR) $ 1.55
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.14
  • ondo-financeOndo (ONDO) $ 0.374766
  • pi-networkPi Network (PI) $ 0.170353
  • falcon-financeFalcon USD (USDF) $ 0.998481
  • little-pepe-5Little Pepe (LILPEPE) $ 2.16
  • htx-daoHTX DAO (HTX) $ 0.000002
  • okbOKB (OKB) $ 84.08
  • syrupusdcsyrupUSDC (SYRUPUSDC) $ 1.15
  • aster-2Aster (ASTER) $ 0.669117
  • pepePepe (PEPE) $ 0.000004
  • skySky (SKY) $ 0.072302
  • internet-computerInternet Computer (ICP) $ 2.97
  • ripple-usdRipple USD (RLUSD) $ 0.999931
  • usddUSDD (USDD) $ 0.999566
  • aaveAave (AAVE) $ 95.98
  • bitget-tokenBitget Token (BGB) $ 2.06
  • ethereum-classicEthereum Classic (ETC) $ 9.19
  • bfusdBFUSD (BFUSD) $ 0.998801
  • morphoMorpho (MORPHO) $ 1.96
  • kucoin-sharesKuCoin (KCS) $ 8.30
  • janus-henderson-anemoy-treasury-fundJanus Henderson Anemoy Treasury Fund (JTRSY) $ 1.10
  • quant-networkQuant (QNT) $ 73.27
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.00
  • ethenaEthena (ENA) $ 0.116195
  • algorandAlgorand (ALGO) $ 0.117150
  • united-stablesUnited Stables (U) $ 1.00
  • cosmosCosmos Hub (ATOM) $ 2.02
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 11.08
  • jito-staked-solJito Staked SOL (JITOSOL) $ 124.46
  • kaspaKaspa (KAS) $ 0.036767
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.094482
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,404.69
  • eutblSpiko EU T-Bills Money Market Fund (EUTBL) $ 1.23
  • blockchain-capitalBlockchain Capital (BCAP) $ 105.87
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,262.26
  • render-tokenRender (RENDER) $ 1.84
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,631.35
  • nexoNEXO (NEXO) $ 0.898778
  • stable-2​​Stable (STABLE) $ 0.039044
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999945
  • worldcoin-wldWorldcoin (WLD) $ 0.256013
  • aptosAptos (APT) $ 1.03
  • wbnbWrapped BNB (WBNB) $ 759.61
  • usdtbUSDtb (USDTB) $ 0.999395
  • ignition-fbtcFunction FBTC (FBTC) $ 76,389.00
  • filecoinFilecoin (FIL) $ 1.04
  • arbitrumArbitrum (ARB) $ 0.129346
  • justJUST (JST) $ 0.091035
  • gatechain-tokenGate (GT) $ 7.26
  • flare-networksFlare (FLR) $ 0.008608
  • syrupusdtsyrupUSDT (SYRUPUSDT) $ 1.11
  • jupiter-exchange-solanaJupiter (JUP) $ 0.220343
  • build-onBUILDon (B) $ 0.689884
  • pump-funPump.fun (PUMP) $ 0.001843
  • binance-staked-solBinance Staked SOL (BNSOL) $ 108.24
  • xdce-crowd-saleXDC Network (XDC) $ 0.031823
  • vechainVeChain (VET) $ 0.007243
  • venice-tokenVenice Token (VVV) $ 13.48
  • beldexBeldex (BDX) $ 0.079485
  • ousgOUSG (OUSG) $ 115.23
  • bonkBonk (BONK) $ 0.000007
  • new-x-ceo-is-backNEW X CEO IS BACK (XFLOKI) $ 0.506041
  • bridged-usdc-polygon-pos-bridgePolygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999720
  • ghoGHO (GHO) $ 0.999395
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 76,461.00
  • dexeDeXe (DEXE) $ 12.43
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 76,491.00
  • official-trumpOfficial Trump (TRUMP) $ 2.35
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.008897
  • usual-usdUsual USD (USD0) $ 0.998172
  • clbtcclBTC (CLBTC) $ 76,920.00
  • hash-2Provenance Blockchain (HASH) $ 0.010539
  • dashDash (DASH) $ 43.56
  • midnight-3Midnight (NIGHT) $ 0.032317
  • siren-2Siren (SIREN) $ 0.723453
  • yldsYLDS (YLDS) $ 0.999715
  • a7a5A7A5 (A7A5) $ 0.012996
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,419.84
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.767283
  • injective-protocolInjective (INJ) $ 5.01
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 33.97
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.52
  • tbtctBTC (TBTC) $ 70,942.00
  • kite-2Kite (KITE) $ 0.218409
  • wrappedm-by-m0WrappedM by M0 (WM) $ 1.00
  • true-usdTrueUSD (TUSD) $ 0.999333
  • blockstackStacks (STX) $ 0.263609
  • unibaseUnibase (UB) $ 0.199943
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.210908
  • edgexedgeX (EDGE) $ 1.35
  • humanityHumanity (H) $ 0.253965
  • c8ntinuumc8ntinuum (CTM) $ 0.087592
  • euro-coinEURC (EURC) $ 1.17
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,455.82
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000081
  • sei-networkSei (SEI) $ 0.066172
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999983
  • chilizChiliz (CHZ) $ 0.042333
  • billions-networkBillions Network (BILL) $ 0.182222
  • resolv-wstusrResolv wstUSR (WSTUSR) $ 1.13
  • cocaCOCA (COCA) $ 1.30
  • skyaiSkyAI (SKYAI) $ 0.437291
  • labLAB (LAB) $ 5.69
  • aerodrome-financeAerodrome Finance (AERO) $ 0.461549
  • doge-strategyDoge Strategy (DOGESTR) $ 0.288297
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,406.26
  • adi-tokenADI (ADI) $ 4.03
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 76,200.00
  • spiko-amundi-overnight-swap-fund-eurSpiko Amundi Overnight Swap Fund (EUR) (EURSAFO) $ 1.18
  • usdgoUSDGO (USDGO) $ 0.999676
  • janus-henderson-anemoy-aaa-clo-fundJanus Henderson Anemoy AAA CLO Fund (JAAA) $ 1.03
  • celestiaCelestia (TIA) $ 0.451268
  • wrapped-flareWrapped Flare (WFLR) $ 0.009961
  • apxusdapxUSD (APXUSD) $ 0.999810
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998120
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,266.86
  • tezosTezos (XTZ) $ 0.375880
  • curve-dao-tokenCurve DAO (CRV) $ 0.264687
  • steakhouse-usdc-morpho-vaultSteakhouse USDC Morpho Vault (STEAKUSDC) $ 1.12
  • bianrensheng币安人生 (BinanceLife) (币安人生) $ 0.394083
  • sun-tokenSun Token (SUN) $ 0.020049
  • spx6900SPX6900 (SPX) $ 0.408685
  • usxUSX (USX) $ 0.999895
  • binance-peg-xrpBinance-Peg XRP (XRP) $ 1.59
  • ether-fiEther.fi (ETHFI) $ 0.447976
  • kinesis-goldKinesis Gold (KAU) $ 151.37
  • ether-fi-liquid-ethEther.Fi Liquid ETH (LIQUIDETH) $ 2,443.47
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,421.84
  • conflux-tokenConflux (CFX) $ 0.068446
  • layerzeroLayerZero (ZRO) $ 1.39
  • noonNoon (NOON) $ 0.751949
  • monadMonad (MON) $ 0.029693
  • sbtc-2sBTC (SBTC) $ 77,039.00
  • doublezeroDoubleZero (2Z) $ 0.101990
  • pendlePendle (PENDLE) $ 1.96
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 115.56
  • gnosisGnosis (GNO) $ 125.48
  • savings-usddSavings USDD (SUSDD) $ 1.03
  • bitcoin-svBitcoin SV (BSV) $ 16.51
  • zebec-networkZebec Network (ZBCN) $ 0.003363
  • kinesis-silverKinesis Silver (KAG) $ 86.42
  • msolMarinade Staked SOL (MSOL) $ 133.18
  • flokiFLOKI (FLOKI) $ 0.000034
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,265.06

Bitcoin Whales vs Everyone Else, and the Whales Are Winning

0 1


Bitcoin BTC$102,082.53 remains only marginally positive year-to-date, suggesting 2025 has been a period of consolidation as the asset stabilizes around the $100,000 level.

Much of the recent price weakness appears linked to previously dormant coins re-entering circulation, per onchain data.

Large holders, commonly known as whales, have been the primary distributors, driving the current downward pressure on price, according to The Accumulation Trend Score (ATS) by Glassnode.

ATS measures the relative accumulation or distribution behavior across different wallet cohorts, accounting for both the size of entities and the volume of coins they have acquired over the past 15 days.

  • A value near 1 suggests that participants in that cohort are actively accumulating.
  • A value near 0 indicates that they are distributing holdings.
  • Exchanges, miners, and certain other entities are excluded from the calculation.

Whales holding over 10,000 BTC have been consistent sellers since August, marking three months of sustained distribution. Meanwhile, wallets in the 1,000–10,000 BTC range remain neutral around a score of 0.5, while all smaller cohorts (below 1,000 BTC) are firmly in accumulation mode, according to Glassnode data.

While in the first four months of the year, all cohorts were in deep distribution, which contributed to bitcoin’s 30% decline to $76,000 in April during the so-called tariff tantrum.

This data highlights a clear divide between whales and the rest of the market participants and for now, it appears the whales are still steering the price action.



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