Darkfost posted on X. Despite ongoing selling pressure, whale accumulation has surged by 200,000 BTC. While whale inflows to exchanges have risen recently, their overall holdings have continued to grow. Typically, inflows indicate short-term behavior and can create immediate selling pressure. However, a medium-term perspective shows a shift in whale behavior, with their holdings increasing by 3.4% after a sharp drop of nearly -7% on December 15.
During this period, the supply held by whales rose from 2.9 million BTC to over 3.1 million BTC, marking an accumulation of more than 200,000 BTC. The last significant whale movement of this scale occurred during the April 2025 correction, which likely helped absorb selling pressure and supported the continuation of the rally, allowing BTC to rise from $76,000 to $126,000.
Currently, with BTC consolidating around 46% below its latest all-time high, these levels are seen as an attractive accumulation zone. Consequently, it is not surprising to observe some whales taking advantage of this opportunity. However, selling pressure remains significant, and the current demand may not yet be sufficient to fully offset it.