CryptoQuant says bitcoin whale and dolphin accumulation stalled as demand remains weak
The Block
CryptoQuant reports that Bitcoin accumulation by whales and dolphins has stalled, signaling a potential period of sustained price weakness.Summary
On-chain analytics firm CryptoQuant reports that Bitcoin accumulation by major holders, specifically whales and dolphins, has significantly decelerated. Analysts indicate that these cohorts have moved to a neutral-to-distribution posture, which historically precedes market weakness. Furthermore, record growth in long-term holder supply is attributed to existing holders waiting rather than new demand entering the market, leading to concerns that current conditions mirror the 2022 bear market.
(Source：The Block)