Bitcoin is down 24% from its highs, and whales seem to be buying the dip. But there's a catch. 🐳
CryptoQuant data shows whales picked up about 47,000 BTC during this drop:
🐳 1,000–10,000 BTC wallets: +43,700 BTC
🐳 10,000+ BTC wallets: +3,300 BTC
📉 100–1,000 BTC wallets: -50,500 BTC
So the biggest holders bought roughly 47K, but mid-sized holders sold even more than that.
Demand isn't helping either. The 30-day apparent demand fell to -284,000 BTC, the weakest since April 2025. BTC is sitting near $64,300, down over 5% today, and sentiment is pretty bearish.
My take: it's interesting when two groups move in opposite directions, but whale buying alone doesn't mean a bounce is coming. We need real demand to show up and soak up the selling first.
Are the whales early, or is there more downside ahead? 👇
#Bitcoin #BTC #crypto #CryptoQuant t #BinanceSquare
CryptoQuant data shows whales picked up about 47,000 BTC during this drop:
🐳 1,000–10,000 BTC wallets: +43,700 BTC
🐳 10,000+ BTC wallets: +3,300 BTC
📉 100–1,000 BTC wallets: -50,500 BTC
So the biggest holders bought roughly 47K, but mid-sized holders sold even more than that.
Demand isn't helping either. The 30-day apparent demand fell to -284,000 BTC, the weakest since April 2025. BTC is sitting near $64,300, down over 5% today, and sentiment is pretty bearish.
My take: it's interesting when two groups move in opposite directions, but whale buying alone doesn't mean a bounce is coming. We need real demand to show up and soak up the selling first.
Are the whales early, or is there more downside ahead? 👇
#Bitcoin #BTC #crypto #CryptoQuant t #BinanceSquare