CryptoQuant Analysts: Bitcoin Whales Alter Their Behavior, 2026/04/03 13:40:30

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Аналитики CryptoQuant: Биткоин-киты меняют поведение0

Analysts from the on-chain platform CryptoQuant have noted a shift among large Bitcoin investors from accumulation to distribution of the asset. Experts believe this trend could have long-term implications.

Over the past year, addresses holding between 1,000 and 10,000 have reduced their total reserves by 188,000 bitcoins. In the previous year, these same wallets had increased their holdings by approximately 200,000 coins. This downward trend indicates persistent selling pressure.

“The pace has sharply accelerated in the fourth quarter of 2025. Historically, sustained negative accumulation by Bitcoin whales has coincided with prolonged periods of price weakness, and current data suggests that sales continue to pose a significant headwind,” representatives from CryptoQuant stated.

Despite a resurgence in demand—particularly from the largest public corporate Bitcoin holder, Strategy—retail investors and some other market participants are still reducing their positions. This indicates to experts that the distribution phase remains in place, which is hindering the coin’s growth.

In their view, additional pressure is being created by a decline in interest from mid-tier investors: whereas they previously actively increased their positions, they are now acting with much more caution. In the short term, analysts allow for a potential rebound in Bitcoin’s price; however, this largely depends on external signals. They identified policy—particularly the situation in the Middle East—as a key factor.

A reduction in political tension could serve as a positive catalyst and trigger a rally for the leading cryptocurrency; however, analysts at CryptoQuant believe it is unlikely to be sustained.

Previously, experts from the XWIN Research group stated that the Bitcoin market is not experiencing a downturn but is “undergoing a structural division” into two segments, as well as a change in ownership of the asset.