CryptoQuant: Bitcoin whale balances climb 60K BTC to near 3 million
- —Whale balances rose from 2.94M BTC in late August to nearly 3M BTC
- —The roughly 60,000 BTC increase equals about 2% growth
- —Accumulation started in late September and early October after the price rebound
- —The 30-day average balance is also rising, pointing to a sustained trend
Why it matters: If whales keep their positions through pullbacks, selling pressure could ease and help turn the rebound into a more durable uptrend.
Source: Koin Bülteni