Bitcoin’s biggest whales are in clear accumulation mode while speculators stage knee-jerk sell-offs at a loss.
Bitcoin whales continued to “buy the dip” as BTC price weakness saw a slip below $60,000.
Data from onchain analytics platform CryptoQuant uploaded to X by contributor Axel Adler Jr. on Oct. 11 shows that whales have accumulated 1.5 million Bitcoin (BTC) over the past six months.
Bitcoin whales are wasting no time increasing their BTC exposure — a trend in place almost constantly since March’s all-time highs.
