WHALES $BTC ARE MOVING IN DIFFERENT DIRECTIONS
On-chain data from Sep 27 to Oct 15 shows two groups of large wallets moving in opposite directions.
- Wallets holding 100–1,000 BTC reduced their cumulative balance by 51.7% over 60 days.
- Wallets holding 1,000–10,000 BTC added 56,600 BTC.
- BTC transferred to Coinbase Prime from mid-sized deposits fell 86.4% to 691 BTC.
Fewer deposits to exchanges could mean lower selling pressure, but it’s not enough to conclude that whales are accumulating BTC.
Do you think this signals accumulation, or are there still other factors at play in the market?
On-chain data from Sep 27 to Oct 15 shows two groups of large wallets moving in opposite directions.
- Wallets holding 100–1,000 BTC reduced their cumulative balance by 51.7% over 60 days.
- Wallets holding 1,000–10,000 BTC added 56,600 BTC.
- BTC transferred to Coinbase Prime from mid-sized deposits fell 86.4% to 691 BTC.
Fewer deposits to exchanges could mean lower selling pressure, but it’s not enough to conclude that whales are accumulating BTC.
Do you think this signals accumulation, or are there still other factors at play in the market?