whales

On-chain data analyst XWIN cited CryptoQuant data indicating that Bitcoin's current on-chain data is showing a significant divergence between whale behavior and the spot market. Although large holders have begun to accumulate again, demand in the spot market remains weak, and the market is transitioning from "seller exhaustion" to a potential bottom. XWIN stated that on-chain data shows positive accumulation signals. Holders of 1,000 to 10,000 Bitcoins have significantly reversed their 60-day net accumulation from negative 62,600 to positive 5,230, indicating that major whales are shifting from a distribution model back to accumulation.At the same time, the USDT reserves on the Binance trading platform have surged from about 790 million USD to 1.76 billion USD, suggesting that potential buying power in the market is increasing. However, spot buying in the U.S. has not kept pace. The Coinbase premium index is currently around -0.1416%, and weekly trading platform flow has turned into a net inflow of 8,428 BTC. Additionally, the short-term holder spent output profit ratio (STH-SOPR) hovers around 0.9982, indicating that short-term holders are still experiencing slight losses near the breakeven point and are choosing to sell.Analysts believe that while the underlying structure is improving, stronger spot demand is still urgently needed to spark a sustainable rebound. They suggest that investors focus on three key signals in the future: the trend of the Coinbase premium index, changes in exchange net flow, and whether the STH-SOPR can successfully rise above the 1 mark.

According to Onchain Lens monitoring, two dormant whales that had been inactive for 12 to 13 years transferred 416.6941 BTC to the same address. Among them, the wallet that had been dormant for 13 years transferred 167.8402 BTC, worth 13.62 million dollars; the wallet that had been dormant for 12 years transferred 248.8539 BTC, worth 20.20 million dollars.The original value of the aforementioned BTC was approximately 105,400 dollars, and its current value has increased by about 33.71 million dollars.

CryptoQuant analyst MorenoDV_ published an analysis indicating that the realized market cap of new whales in Bitcoin is $78.61 billion, while old whales stand at $159.15 billion. New whales account for 33.06%, compared to about 18% earlier in 2026.Since September, the realized market cap of new whales has continued to grow, while old whales have remained relatively stable, with the growth primarily coming from new whales. The realized market cap is calculated based on the price at the last on-chain transfer of the tokens and does not represent the proportion of BTC supply.In terms of cost, the overall cost basis of new whales has decreased from a previous high of around $110,000 to about $68,000 at the end of August, before rebounding to around $77,000. The current BTC price is $82,134, which is approximately 6.7% higher than the cost basis of new whales.The analysis suggests that the data shows large holders buying during the downturn and continuing to accumulate as prices rebound. However, the turnover of the holder group and transfers between addresses can also inflate the realized market cap, so the growth in realized market cap cannot be interpreted as an equivalent influx of new funds. If BTC continues to fall below around $77,000, new whales will incur losses again, increasing the likelihood of selling during a rebound. The inflow to exchanges and realized losses can be used to determine whether this is short-term pressure or if large holders are starting to sell off again.

The cryptocurrency trading platform Bitfinex stated that among the approximately 60,000 BTC accumulated by Bitcoin whales, most were purchased since late August, with buying prices ranging from about $80,000 to $86,000.Bitfinex noted that this price range is roughly equivalent to Bitcoin's current price. The platform also mentioned that if these whales continue to hold the aforementioned Bitcoin during this round of correction, the price just above $80,000 will receive support.

According to Cryptoquant data, the cumulative amount of XRP flowing into Binance from whales in the past 30 days has risen to 1.669 billion, reaching a new high in 7 months, surpassing the level of approximately 1.65 billion in September, indicating that the activity of large holders transferring XRP to trading platforms has intensified recently.The increase in whale inflows may raise the tradable supply of XRP on trading platforms, and if large holders choose to sell, it could increase market selling pressure. However, inflows do not necessarily indicate an imminent sell-off; they may also involve wallet rebalancing or the use of other trading services on Binance. This indicator alone cannot determine the future price trend of XRP; it still requires observation in conjunction with net flow, trading volume, and price changes.

According to Arkham monitoring, the whale mtAAVEbank.ETH sold over 138,000 LINK six hours ago, worth 1.9 million dollars, at which time BTC had not yet fallen below 84,000 dollars.This whale is suspected of funding its 8x leveraged CRCL position on Hyperliquid by selling LINK, with its position once showing an unrealized loss of over 1.25 million dollars. It currently still holds over 21 million dollars in digital assets, mainly in stablecoins, with over 10% of the funds coming from Aave loans.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to 9.84 billion dollars, with long positions at 4.628 billion dollars, accounting for 47.03% of the holdings, and short positions at 5.212 billion dollars, accounting for 52.97%. The profit and loss for long positions is 597 million dollars, while for short positions it is -657 million dollars.Among them, the whale address 0x5b5d..60 has shorted ETH with a 5x leverage at a price of 2304.1 dollars, currently realizing an unrealized profit and loss of -42.1439 million dollars.

According to Hyperliquid on-chain data, the address 0xec4a...cf62 increased its long positions in BTC and ETH between 13:24 and 13:30. Among them, the BTC long position increased from about 260 to about 360 (worth approximately 30.93 million USD), with an opening price of 84,931 USD and a liquidation price of about 63,450 USD; the ETH long position increased from about 1,637 to about 3,719 (worth approximately 10.09 million USD), with an opening price of 2,689 USD and a liquidation price of about 533 USD.The account value of this address is approximately 5.35 million USD.

Analyst Ali posted on platform X that Bitcoin recently faced resistance at $87,000, during which whales took profits and sold over 30,000 BTC. At the same time, $87,000 is also the upper boundary of the price channel that has been suppressing BTC for more than the past two weeks.Ali stated that in the short term, attention should be focused on the lower boundary of the channel at around $82,500. If BTC falls back to this level and whales begin to accumulate again, it will serve as a confirmation signal for considering buying on dips, with the next rebound target looking towards $87,000.

According to Lookonchain monitoring, two traders were liquidated for a total of 708 million PUMP, worth approximately 3.61 million USD.

On-chain analyst Darkfost posted on X that the inflow of whale funds transferring over 1 million dollars in stablecoins to Binance has significantly increased recently.According to the 30-day cumulative calculation, the amount of stablecoins this group has transferred to Binance has risen from 21.7 billion dollars to 30.5 billion dollars over the past month, an increase of over 40%.Darkfost stated that the inflow of stablecoins to exchanges usually indicates that funds are preparing to enter the market, so this change may correspond to potential buying pressure. However, compared to last October when inflows once exceeded 61 billion dollars, the current deployment of whale funds remains relatively cautious.

Cryptocurrency analyst Ali pointed out in a post that during the overall sideways movement of the cryptocurrency market in the past week, there has been a significant divergence in the holdings of different assets by whales. Data shows that Bitcoin whale holdings decreased by about 30,000 BTC, valued at approximately $2.52 billion, indicating that large holders are reducing their Bitcoin exposure.In contrast, Ethereum whales increased their holdings by about 60,000 ETH during the same period, valued at approximately $162 million. Regarding XRP, whale holdings remained relatively stable, with total holdings maintaining around 3.9 billion XRP over the past week, showing no significant changes. Ali further stated that the current market presents a divergent pattern of "Bitcoin whales reducing holdings, Ethereum whales buying, and XRP whales observing," which is worth paying attention to.

According to Lookonchain monitoring, two giant whales exchanged 50.95 WBTC for 25,500 AAVE, worth 4.26 million USD.

According to monitoring by Lookonchain, after a recent rise in QNT, a whale that had been silent for over 3 years has started to sell. Among them, one whale deposited 8,250 QNT into Binance, worth 1.88 million dollars; another whale transferred 34,200 QNT, worth 8.05 million dollars, and has already deposited 9,000 QNT into Coinbase and Kraken, worth 2.12 million dollars.

Crypto analyst Ali posted on platform X, stating that Dogecoin has currently reached an important resistance area of about 0.098 USD, with approximately 28 billion DOGE traded around this price level. Meanwhile, the whales continue to accumulate.In the past 96 hours, large holders have cumulatively bought over 1.14 billion DOGE, worth about 112 million USD. Ali added that the whales seem to be positioning themselves for a breakout of DOGE above the current resistance level.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to 9.464 billion USD, with long positions totaling 4.458 billion USD, accounting for 47.11% of the holdings, and short positions totaling 5.005 billion USD, accounting for 52.89% of the holdings. The profit and loss for long positions is 654 million USD, while the profit and loss for short positions is -705 million USD.Among them, the whale address 0x5b5d..60 has shorted ETH with a full margin of 5 times at a price of 2304.06 USD, currently realizing an unrealized profit and loss of -40.5862 million USD.

Cryptocurrency analyst Ali posted on platform X, stating that in the past five days, XRP whales have accumulated over 470 million XRP, worth approximately 724 million dollars.At the same time, the daily chart of XRP continues to form a "head and shoulders bottom" pattern, indicating that a bullish breakout may be approaching.

The "Whale" has set 10 major goals and updated its Bitcoin strategy on the X platform, stating that it has firmly aimed for $100,000 since the initial rebound of BTC from the bottom of $58,000. However, due to a failed attempt to judge the top along the way, it missed out on a significant portion of profits, and the current average entry position for its long positions is approximately $78,000.Regarding future operations, JasonLeo stated that if BTC falls below $79,000 again, it will begin to gradually close long positions; if it quickly rises to $100,000 in the short term, it will consider establishing some defensive short positions in the range of $98,000 to $105,000 to hedge against weekly-level pullback risks. If BTC stabilizes above $108,000 on the daily chart, the aforementioned short position logic will become invalid. If BTC does not directly surge but instead engages in thorough trading within the range of $80,000 to $100,000, it will consider taking defensive actions in the range of $115,000 to $125,000.

According to Lookonchain monitoring, despite the market decline, two whales opened a total of 2031.58 BTC long positions in the past 4 hours, worth 171 million dollars.

According to monitoring by Lookonchain, 11 newly created wallets are suspected to belong to the same whale, selling 602 BTC on Hyperliquid and buying 18,800 ETH, with both transactions amounting to 45.83 million USD.