Whales have been accumulating massive amounts of Bitcoin during the recent drop. \nOn February 6th, 66.94k $BTC in-flowed to accumulator addresses, marking the largest inflow amount in this cycle.
Bitcoin – Short-Term Holders UpdateThe supply held by Short-Term Holders is declining. At the same time, the 90-day net position change shows a clear lack of interest from new addresses to accumulate at these levels. This signals weak marginal demand and reinforces a market environment where continuation is unlikely without a reset in price or sentiment. On-chain data remains very clear.