According to CryptoQuant, onchain data indicates that reports of significant Bitcoin whale accumulation may be overstated. The analysis suggests that exchange activity is skewing metrics, leading to inaccurate conclusions about whale behavior. The report highlights that long-term holders are quietly turning bullish, which contrasts with the narrative of large-scale accumulation. The analysis focuses on the nuances of interpreting onchain data and distinguishing between genuine accumulation and exchange-related movements of Bitcoin.

According to CryptoQuant, onchain data indicates that reports of significant Bitcoin whale accumulation may be overstated. The analysis suggests that exchange activity is skewing metrics, leading to inaccurate conclusions about whale behavior. The report highlights that long-term holders are quietly turning bullish, which contrasts with the narrative of large-scale accumulation. The analysis focuses on the nuances of interpreting onchain data and distinguishing between genuine accumulation and exchange-related movements of Bitcoin.