• bitcoinBitcoin (BTC) $ 66,624.00
  • ethereumEthereum (ETH) $ 2,003.02
  • tetherTether (USDT) $ 0.999232
  • bnbBNB (BNB) $ 609.77
  • xrpXRP (XRP) $ 1.33
  • usd-coinUSDC (USDC) $ 0.999789
  • solanaSolana (SOL) $ 82.05
  • tronTRON (TRX) $ 0.323383
  • staked-etherLido Staked Ether (STETH) $ 2,265.05
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.02
  • dogecoinDogecoin (DOGE) $ 0.091299
  • usdsUSDS (USDS) $ 0.999746
  • whitebitWhiteBIT Coin (WBT) $ 51.40
  • hyperliquidHyperliquid (HYPE) $ 38.57
  • bitcoin-cashBitcoin Cash (BCH) $ 452.31
  • wrapped-stethWrapped stETH (WSTETH) $ 2,779.67
  • leo-tokenLEO Token (LEO) $ 9.68
  • cardanoCardano (ADA) $ 0.241335
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 76,243.00
  • moneroMonero (XMR) $ 328.60
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998762
  • chainlinkChainlink (LINK) $ 8.47
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 2,466.93
  • ethena-usdeEthena USDe (USDE) $ 0.999087
  • canton-networkCanton (CC) $ 0.150528
  • stellarStellar (XLM) $ 0.165230
  • wrapped-eethWrapped eETH (WEETH) $ 2,465.31
  • usd1-wlfiUSD1 (USD1) $ 0.999336
  • daiDai (DAI) $ 1.00
  • susdssUSDS (SUSDS) $ 1.08
  • litecoinLitecoin (LTC) $ 53.66
  • rainRain (RAIN) $ 0.008373
  • paypal-usdPayPal USD (PYUSD) $ 0.999904
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 76,366.00
  • hedera-hashgraphHedera (HBAR) $ 0.088383
  • memecoreMemeCore (M) $ 2.15
  • avalanche-2Avalanche (AVAX) $ 8.65
  • wethWETH (WETH) $ 2,268.37
  • zcashZcash (ZEC) $ 219.45
  • shiba-inuShiba Inu (SHIB) $ 0.000006
  • suiSui (SUI) $ 0.846207
  • usdt0USDT0 (USDT0) $ 0.998824
  • bittensorBittensor (TAO) $ 316.61
  • the-open-networkToncoin (TON) $ 1.23
  • crypto-com-chainCronos (CRO) $ 0.070730
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.099141
  • hashnote-usycCircle USYC (USYC) $ 1.12
  • tether-goldTether Gold (XAUT) $ 4,502.22
  • pax-goldPAX Gold (PAXG) $ 4,517.18
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.22
  • mantleMantle (MNT) $ 0.675081
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • uniswapUniswap (UNI) $ 3.38
  • polkadotPolkadot (DOT) $ 1.26
  • global-dollarGlobal Dollar (USDG) $ 0.999970
  • pi-networkPi Network (PI) $ 0.178367
  • okbOKB (OKB) $ 84.10
  • falcon-financeFalcon USD (USDF) $ 0.998915
  • skySky (SKY) $ 0.072000
  • aster-2Aster (ASTER) $ 0.660076
  • htx-daoHTX DAO (HTX) $ 0.000002
  • syrupusdcsyrupUSDC (SYRUPUSDC) $ 1.15
  • nearNEAR Protocol (NEAR) $ 1.17
  • aaveAave (AAVE) $ 95.83
  • ripple-usdRipple USD (RLUSD) $ 0.999872
  • pepePepe (PEPE) $ 0.000003
  • bitget-tokenBitget Token (BGB) $ 1.94
  • siren-2Siren (SIREN) $ 1.83
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.13
  • bfusdBFUSD (BFUSD) $ 0.999200
  • ondo-financeOndo (ONDO) $ 0.260022
  • ethereum-classicEthereum Classic (ETC) $ 8.02
  • internet-computerInternet Computer (ICP) $ 2.23
  • gatechain-tokenGate (GT) $ 6.51
  • janus-henderson-anemoy-treasury-fundJanus Henderson Anemoy Treasury Fund (JTRSY) $ 1.10
  • kucoin-sharesKuCoin (KCS) $ 8.01
  • pump-funPump.fun (PUMP) $ 0.001716
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.00
  • quant-networkQuant (QNT) $ 68.93
  • usddUSDD (USDD) $ 0.999129
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.091889
  • eutblSpiko EU T-Bills Money Market Fund (EUTBL) $ 1.21
  • kaspaKaspa (KAS) $ 0.032709
  • jito-staked-solJito Staked SOL (JITOSOL) $ 124.46
  • nexoNEXO (NEXO) $ 0.879360
  • usdtbUSDtb (USDTB) $ 0.999534
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,404.69
  • render-tokenRender (RENDER) $ 1.67
  • worldcoin-wldWorldcoin (WLD) $ 0.275863
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,262.26
  • cosmosCosmos Hub (ATOM) $ 1.65
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,631.35
  • midnight-3Midnight (NIGHT) $ 0.049159
  • morphoMorpho (MORPHO) $ 1.47
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999945
  • ethenaEthena (ENA) $ 0.090844
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 11.03
  • wbnbWrapped BNB (WBNB) $ 759.61
  • aptosAptos (APT) $ 0.926428
  • ignition-fbtcFunction FBTC (FBTC) $ 76,389.00
  • algorandAlgorand (ALGO) $ 0.081565
  • official-trumpOfficial Trump (TRUMP) $ 2.90
  • flare-networksFlare (FLR) $ 0.007674
  • hash-2Provenance Blockchain (HASH) $ 0.011235
  • ousgOUSG (OUSG) $ 114.73
  • syrupusdtsyrupUSDT (SYRUPUSDT) $ 1.11
  • filecoinFilecoin (FIL) $ 0.812581
  • beldexBeldex (BDX) $ 0.080304
  • xdce-crowd-saleXDC Network (XDC) $ 0.030048
  • binance-staked-solBinance Staked SOL (BNSOL) $ 108.24
  • yldsYLDS (YLDS) $ 0.999819
  • ghoGHO (GHO) $ 0.999133
  • vechainVeChain (VET) $ 0.006616
  • usual-usdUsual USD (USD0) $ 0.998552
  • arbitrumArbitrum (ARB) $ 0.089572
  • new-x-ceo-is-backNEW X CEO IS BACK (XFLOKI) $ 0.506041
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.232483
  • bridged-usdc-polygon-pos-bridgePolygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999720
  • justJUST (JST) $ 0.058902
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 76,461.00
  • stable-2​​Stable (STABLE) $ 0.024017
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 76,491.00
  • jupiter-exchange-solanaJupiter (JUP) $ 0.142475
  • bonkBonk (BONK) $ 0.000006
  • layerzeroLayerZero (ZRO) $ 1.99
  • clbtcclBTC (CLBTC) $ 76,920.00
  • true-usdTrueUSD (TUSD) $ 0.997760
  • a7a5A7A5 (A7A5) $ 0.012276
  • fasttokenFasttoken (FTN) $ 1.09
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.36
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.655866
  • euro-coinEURC (EURC) $ 1.15
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,419.84
  • chilizChiliz (CHZ) $ 0.039716
  • dashDash (DASH) $ 32.06
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 33.97
  • tbtctBTC (TBTC) $ 70,942.00
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.006344
  • blockstackStacks (STX) $ 0.216926
  • wrappedm-by-m0WrappedM by M0 (WM) $ 1.00
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998718
  • janus-henderson-anemoy-aaa-clo-fundJanus Henderson Anemoy AAA CLO Fund (JAAA) $ 1.03
  • tezosTezos (XTZ) $ 0.341916
  • hastra-primePRIME (PRIME) $ 1.03
  • ether-fiEther.fi (ETHFI) $ 0.464360
  • c8ntinuumc8ntinuum (CTM) $ 0.087592
  • kinesis-goldKinesis Gold (KAU) $ 148.57
  • decredDecred (DCR) $ 20.39
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,455.82
  • sei-networkSei (SEI) $ 0.052549
  • usxUSX (USX) $ 0.999624
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999983
  • dexeDeXe (DEXE) $ 7.25
  • resolv-wstusrResolv wstUSR (WSTUSR) $ 1.13
  • sun-tokenSun Token (SUN) $ 0.017425
  • cocaCOCA (COCA) $ 1.30
  • apenftAINFT (NFT) $ 0.00000033
  • adi-tokenADI (ADI) $ 4.02
  • doge-strategyDoge Strategy (DOGESTR) $ 0.288297
  • curve-dao-tokenCurve DAO (CRV) $ 0.210695
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,406.26
  • gnosisGnosis (GNO) $ 119.16
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 76,200.00
  • usdaiUSDai (USDAI) $ 0.999709
  • bittorrentBitTorrent (BTT) $ 0.00000032
  • aerodrome-financeAerodrome Finance (AERO) $ 0.320856
  • kite-2Kite (KITE) $ 0.160803
  • wrapped-flareWrapped Flare (WFLR) $ 0.009961
  • riverRiver (RIVER) $ 14.47
  • injective-protocolInjective (INJ) $ 2.82
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,266.86
  • conflux-tokenConflux (CFX) $ 0.053634
  • steakhouse-usdc-morpho-vaultSteakhouse USDC Morpho Vault (STEAKUSDC) $ 1.12
  • bitcoin-svBitcoin SV (BSV) $ 13.67
  • fraxLegacy Frax Dollar (FRAX) $ 0.982463
  • venice-tokenVenice Token (VVV) $ 5.97
  • kaiaKaia (KAIA) $ 0.045896
  • flokiFLOKI (FLOKI) $ 0.000028
  • binance-peg-xrpBinance-Peg XRP (XRP) $ 1.59
  • celestiaCelestia (TIA) $ 0.293791
  • ether-fi-liquid-ethEther.Fi Liquid ETH (LIQUIDETH) $ 2,443.47
  • crvusdcrvUSD (CRVUSD) $ 0.998165
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,421.84
  • official-foOfficial FO (FO) $ 0.263183
  • noonNoon (NOON) $ 0.751949
  • jasmycoinJasmyCoin (JASMY) $ 0.005293
  • sbtc-2sBTC (SBTC) $ 77,039.00
  • lido-daoLido DAO (LDO) $ 0.307307
  • kinesis-silverKinesis Silver (KAG) $ 67.69
  • the-graphThe Graph (GRT) $ 0.023592
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 115.56
  • spx6900SPX6900 (SPX) $ 0.268238
  • savings-usddSavings USDD (SUSDD) $ 1.03
  • ape-and-pepeApe and Pepe (APEPE) $ 0.000001
  • monadMonad (MON) $ 0.022333
  • olympusOlympus (OHM) $ 15.37
  • msolMarinade Staked SOL (MSOL) $ 133.18
  • btse-tokenBTSE Token (BTSE) $ 1.47
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,265.06
  • doublezeroDoubleZero (2Z) $ 0.067799

Bitcoin Whales vs Everyone Else, and the Whales Are Winning

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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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