Key Highlights
- 22, 2026 at 8:43 am UTC Share Cover art/illustration via CryptoSlate.
- Image includes combined content which may include AI-generated content.
- Bitcoin is struggling to build momentum around the $90,000 level, yet at least one headline-grabbing buyer appears to be leaning in the opposite direction. Adam Back, the CEO of Blockstream, said on X (formerly ) that a “Bitfinex whale” is purchasing roughly 450 Bitcoin per day at current price levels, a pace that would translate into about $40.6 million of daily demand with Bitcoin trading around $90,233 at the time of writing. According to Back:“The Bitfinex whale [was] initially [buying] 300 BTC/day, but now ramped to 450 BTC around the $90k mark.
- [This is] same as the [total] number of Bitcoins mined per day.
- Around $470/second all-day-long.”On paper, a persistent buyer of that size can, in principle, offset incremental new supply, even if only at the margin and only for as long as the flow persists. However, the bigger question is whether these large buyers can change the character of a market that has recently struggled to sustain rallies, with participants repeatedly taking profits quickly or cutting losses into rebounds. A whale-sized bid meets whale-sized skepticismNotably, the Bitfinex whale buying narrative is not occurring in isolation. Data from Santiment showed that Bitcoin “whales and sharks” continued accumulating despite weak sentiment, with wallets holding between 10 and 10,000 Bitcoin adding 36,322 BTC over the past nine days.
