The proportion of addresses holding more than 100 BTC has dropped from 70% to 60%, with 3.7 million Bitcoins currently inactive over the past 7 years, which equates to 34% of the current profitable supply.
In addition, in the previous rally in August, the driving force of holding 100-1000 Bitcoingroups was greater. In addition to the relative neutrality of small and medium address groups, the large whales holding 1000-10,000 Bitcoins The accumulation trend score highlights the positive accumulation since the end of September.
Whales with 10,000 Bitcoins have tended to sell in small quantities in recent months. Net withdrawals by whales have increased in recent weeks, with net outflows from exchanges reaching 15,700 BTC, the largest since June 2022.