BTC Whale Buying Stalls as On-Chain Demand Signals Weaken!

Bitcoin's large-holder accumulation has ground to a halt, according to fresh CryptoQuant analysis, removing a key demand pillar that has historically absorbed sell-side pressure and supported spot prices. The Exchange Whale Ratio — which measures the share of total BTC flowing to exchanges from the top 10 deposits — just hit 0.67, the highest reading since October 2015, meaning roughly 64% of all exchange-bound bitcoin originated from a handful of large addresses.

CryptoQuant analysts identified a three-stage pattern near recent highs: whales accumulated around $78,000, then distributed between $77,000 and $81,000, with BTC exchange reserves climbing from approximately 2.677 million to 2.696 million BTC. Rising reserves at a decade-high whale ratio points to rotation out of positions, not renewed hoarding.