In Brief Bitcoin whales now account for nearly half of exchange inflows, with the Whale Ratio’s 30DMA hitting a 7-month high at 0.47. Elevated whale activity has historically signaled market tops, often leading to corrections as large holders prepare to sell. With retail fading and whale influence rising, analysts warn of a shift from accumulation…
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Briefly the decline of Bitcoin whale wallets enhances decentralization and reduces the risk of market manipulation. The current number of whales is 1,672, a decrease of 497 whales, or 23%, from the peak in 2021. BTC is still primarily concentrated in a small number of accounts; 745 percent of the available supply being “hodled.” The…
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