$BTC trades near $90K, but the “whales are accumulating” narrative looks overstated.
CryptoQuant says much of the data is skewed by exchange wallet consolidation, with large holders still net distributing and balances declining amid ETF outflows.
The quiet shift is with long-term holders turning net buyers, easing sell pressure even if price hasn’t fully reflected it yet $ETH $SOL
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$BTC trades near $90K, but the “whales are accumulating” narrative looks overstated.
CryptoQuant says much of the data is skewed by exchange wallet consolidation, with large holders still net distributing and balances declining amid ETF outflows.
The quiet shift is with long-term holders turning net buyers, easing sell pressure even if price hasn’t fully reflected it yet
$ETH $SOL