Bitcoin Accumulation by Whales Has Stalled Since October
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On-chain data shows a potentially bearish shift in Bitcoin behavior among large holders. According to CryptoQuant analysts, Bitcoin accumulation has largely stalled since October, even as the average size of deposits flowing into Binance has increased significantly.
The typical deposit size jumped from roughly 8–10 BTC earlier in the year to 22–26 BTC recently, signaling that whales are transferring larger chunks to exchanges. At the same time, withdrawal sizes from Binance have declined sharply, suggesting fewer coins are being moved into long-term cold storage — a sign that long-term conviction among major players may be weakening.