Are Bitcoin Whales Really Back In The Market? CryptoQuant Researcher Says No

The price of Bitcoin has made a solid start to the new year, jumping above the $90,000 mark on Friday, January 2nd. While this newly-found momentum could have been triggered by a plethora of factors, an on-chain expert has pointed out that whale activity is not one of them. Look Closer: BTC Whale Holdings Actually In Decline In a recent post on the social media platform X, CryptoQuant’s head of research Julio Moreno argued that the largest Bitcoin investors are not back buying enormous amounts of BTC. This conclusion is based on the Total Whale Holdings and Monthly % Change and Total Dolphin Holdings and Monthly % Change chart. As the name suggests, the Total Whale Holdings and Monthly % Change chart shows the total balance of addresses with more than 1,000 coins and how it has changed in the past month. Meanwhile, the Total Dolphin Holdings and Monthly %...

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