Bitcoin whale holders have reached an annual high of 1,440, up from 1,350, according to data from Bijié Wǎng. This increase comes as Bitcoin prices remain stable, despite significant ETF outflows in December. Notably, BlackRock's IBIT experienced more redemptions than inflows, with $175 million exiting funds on December 24 alone. The rise in whale holdings during this period of price consolidation contrasts with earlier selling trends in 2025, suggesting potential accumulation ahead of possible upward price movements. ETF outflows continue to influence market sentiment.