Defying the sell-off: Bitcoin whales accumulate amid massive market volatility

quick take

• Bitcoin is currently down 5% in the last 5 days.
• But Bitcoin whales continue to accumulate bitcoins even as prices continue to fall.
• Blue represents accumulation and is found in whales holding over 10,000 Bitcoins. At the same time, all other cohorts are on sale or in the distribution stage.
• Additionally, the supply per whale has increased to 535 Bitcoins. This indicates an increase in whale stocks. This is the highest supply per whale since his FTX crash in Q4 2022.

Post Selling Against Selling: Bitcoin Whales Accumulate Amid Massive Market Volatility, CryptoSlate First Appears.