
Bitcoin Whales Accumulate 243,000 BTC Since July as Holdings Metric Nears Positive Zone
- —Whales bought about 243,000 BTC since July, spending more than $20 billion
- —The 1-year whale holdings change improved from -282,000 BTC to -39,000 BTC
- —Selling pressure from large holders has eased significantly
- —A move above zero would mean net whale accumulation over the past year
Why it matters: A return to accumulation by whales could signal a bullish reversal even as broader market volatility persists.
Source: U.Today