Large Bitcoin whales have increased their BTC balances during the latest market pullback, according to on-chain data shared today by analysts at CryptoQuant and Glassnode. The accumulation trend emerged over the past 48 hours as Bitcoin briefly traded below a key support zone.
Wallets holding between 1,000 and 10,000 BTC added coins after several weeks of distribution, signaling renewed confidence from long-term holders. The move comes as Bitcoin remains down roughly 7% this week, with trading activity elevated across major exchanges. Pro-crypto analysts note that whale accumulation during corrections has historically aligned with mid-term price recoveries.
On-chain metrics also show a decline in whale deposits to exchanges, suggesting reduced immediate sell pressure. Market observers are now watching whether the trend holds through the weekly close and if spot Bitcoin ETF inflows resume, which could strengthen market sentiment.
Source: https://x.com/ali_charts/status/1986500579489947748
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