CryptoQuant: Bitcoin whales resume accumulation, but spot demand stays weak
- —Whales holding 1,000–10,000 BTC now control 3.02 million BTC, up 236,000 BTC from December's 2.86 million low
- —The monthly change in whale holdings turned positive on Sept. 24 and stands at 2.85%, with about 84,000 BTC added in 30 days
- —Wallets with 10–10,000 BTC bought 86,702 BTC in three weeks, the highest since April 23
- —Apparent demand remains negative: the 30-day sum improved from -207,000 to -23,000 BTC, while Coinbase Premium stays negative
Why it matters: Whale accumulation supports the longer-term picture, but without spot demand turning positive the market is likely to stay range-bound.
Source: Blockmedia