Bitcoin Whales Step In as Accumulation Hits Cycle High

According to a CryptoQuant report, large Bitcoin holders sharply increased accumulation during the latest market drawdown, marking one of the strongest signals of whale activity seen in this cycle.

Record Inflows During the Dip

The chart tracking BTC inflows to accumulation addresses shows a clear surge as price declined. On February 6, a total of 66.94k BTC flowed into accumulation addresses, representing the largest single-day inflow of this cycle.

These addresses are typically associated with long-term holders that historically buy during periods of stress and refrain from selling.

This behavior indicates that large holders were not distributing into weakness. Instead, they actively absorbed supply as price fell and then withdrew BTC off exchanges into wallets classified as accumulation entities.

What Accumulation Addresses Signal

Accumulation addresses are defined by their consistent behavior: they receive BTC but show little to no history of spending. When inflows to these addresses spike, it suggests that supply is being removed from liquid circulation rather than prepared for near-term selling.

In previous cycles, similar spikes tended to appear during:

• deep corrections,
• late-stage drawdowns,
• or transitional phases where ownership shifts from weaker hands to stronger balance sheets.

Scale Matters This Time

What stands out in the current data is not just the direction of flows, but their magnitude. While past corrections also triggered accumulation, the 66.94k BTC inflow exceeds prior accumulation spikes earlier in this cycle, signaling unusually aggressive positioning by large holders.

At the same time, price has not immediately recovered, reinforcing the idea that this is positioning, not momentum chasing. Whales appear willing to absorb volatility rather than wait for confirmation.

Market Implication

This pattern reflects a divergence between price action and holder behavior. While broader market sentiment remains fragile, on-chain data shows that long-term oriented capital is stepping in decisively.

The data does not imply an immediate reversal. However, it clearly indicates that during the recent drop, large entities treated the move as an opportunity to accumulate, not an exit point.

In short, the latest correction coincided with the strongest whale accumulation event of the cycle so far, highlighting a structural shift in Bitcoin ownership beneath the surface of falling prices.

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