CryptoQuant: Bitcoin Whales Accumulate, but US Spot Demand Still Lags
- —Whales with 1,000–10,000 BTC flipped 60-day net position from -62,600 BTC to +5,230 BTC
- —Binance USDT reserves climbed from roughly $790 million to $1.76 billion
- —Coinbase Premium sits near minus 0.1416%; weekly exchange flows turned to +8,428 BTC
- —STH-SOPR near 0.9982 shows short-term holders selling at small losses or break-even
Why it matters: The market is moving from fewer sellers toward a possible bottom, but a sustained rally needs stronger US spot demand.
Source: ZyCrypto