Whales have loaded Bitcoin (CRYPTO: BTC) worth billions in recent months, suggesting some large holders have been accumulating Bitcoin despite the recent price weakness.
Whales Going All-In?
Large holders have added about 43,000 Bitcoin over the past 60 days, worth roughly $2.75 billion at current prices, Bloomberg reported, citing data from on-chain analytics firm CryptoQuant.
Also worth noticing was the drop in BTC’s Exchange Whale Ratio, an indicator that quantifies the degree to which large holders are driving deposit activity on exchanges.
A low ratio indicates inflow activity is distributed broadly across smaller participants, with whales relatively inactive and a bias toward accumulation.
