According to a post by CryptoQuant analyst MorenoDV_, on-chain data shows that, excluding exchange and mining pool addresses, the total holdings of Bitcoin whales have increased from approximately 2.94 million BTC in late August to nearly 3 million BTC, a net gain of about 60,000 BTC (around 2%), reaching a yearly high. This accumulation has been non-linear: holdings slowed in September before accelerating again from late September to early October. This pattern suggests that large holders expanded their positions only after prices began to rebound, rather than positioning ahead of the move. The rise in holdings alongside strengthening prices indicates that market supply is being absorbed; if this trend continues, it could help digest profit-taking pressure and support a transition from a short-term rebound to a more sustained upward movement.
Bitcoin whales increase holdings amid price recovery
TechFlowShare
Summary
Bitcoin’s price shows signs of support as whale activity increases. According to CryptoQuant’s MorenoDV_, on-chain data reveals that Bitcoin whale holdings rose from 2.94 million BTC in late August to nearly 3 million BTC—a 2% increase. The pace of accumulation slowed in September before accelerating again from late September to early October. The timing suggests large holders are buying as Bitcoin’s price began to rebound today. This growing accumulation aligns with stronger BTC price action, indicating reduced selling pressure. If the trend continues, it may help sustain the upward momentum.
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