Markets· ★★★· bullish·

Whales open BTC longs as CryptoQuant Bull/Bear indicator turns up

  • BTC exchange reserves fell over two days, with whale withdrawals slightly outpacing retail
  • Whales opened long positions in CME bitcoin futures, after which BTC jumped above $87,000
  • CryptoQuant's Bull-Bear indicator has climbed since Sept. 18, topping October 2025 levels
  • The late-August rally was driven mainly by retail, while whales had been selling
Why it matters: The indicator reversal and whale longs could signal a regime change, but without broad whale buying it still looks like a retail-driven mini-bubble.
Source: The Cryptonomist (IT)