Whales Sell 100k BTC in September, But Companies Accumulate Faster

Bitcoin opened September in green after a disastrous August (-13%), but on-chain signals indicate a complex board game between institutional sellers and buyers.

The Selling Pressure Comes from Above

Wallets linked to Galaxy Digital recorded consistent outflows: 691 BTC on September 4, with monthly flows ranging between 600 to 2,400 BTC. Meanwhile, whales dumped over 100,000 BTC in the last 30 days—the largest wave of sales since 2022, according to data from BlockTrends.

Suspicious activity also appeared: a wallet inactive for 12.8 years was reactivated, moving 0.25 BTC ($28k) while holding 479 BTC in standby. Classic signs of a whale awakening.

But There's a Big However

While whales run, institutional companies are buying like crazy:

• $43 billion accumulated in 2025—historical record
• Only in 8 months: $12.5 billion ( has already exceeded the entire 2024 )
• They now control 6% of the total BTC—21 times more than in 2020

Why Does Bitcoin Endure?

The answer is simple: institutional demand absorbs all whale sales. Corporate demand is so strong that it neutralizes the selling pressure.

Bonus: Bitcoin's volatility has drastically decreased despite macroeconomic uncertainty. This transforms BTC from a “high-risk asset” to a “mature and stable asset”—exactly what Wall Street loves.

TL;DR: Whales leave through the front door, companies come in through the back loaded with dollars. Bitcoin absorbs everything calmly.