What Are Whales Currently Doing in Bitcoin (BTC)? They Had Exited Before Previous Crises, Here Is What They Are Doing Now!

Crypto analytics company CryptoQuant highlighted whale behavior in its latest assessment regarding Bitcoin.

The company stated that major investors, the ( whales), have not yet exited the market, arguing that the current price movements are a correction within a long-term upward trend.

The company's analysis included the following statements:

"BTC whales have not yet exited. These whales represent addresses that do not include assets such as mining pools and exchanges, reflecting the true buying and selling behavior most accurately. Historically, this metric has shown a strong correlation with price movements."

CryptoQuant stated that if whales had exited the market at last year's peak, the price would be suppressed by profit realizations at local peaks and that distribution behavior would continue even in attempts to rise. However, it emphasized that the current situation does not support this scenario:

"What's going on right now? Re-accumulation. In particular, this behavior is similar to the accumulation we saw during the sideways market process in the August-September period last year."

The analysis reminded that whales exited the market early during sudden and unexpected crises in the past, for example, before the COVID crash in 2020. However, it was noted that a similar distribution is not observed in the current situation.

"There is no exit this time. What we see is a temporary pullback within an ongoing bull cycle, even if it is a sharp correction."

The analysis reminded that whales exited the market early during sudden and unexpected crises in the past, for example before the COVID crash in 2020. However, it was stated that a similar distribution has not been observed in the current situation.

"There is no exit this time. What we are seeing is a temporary pullback within an ongoing bull cycle, even though it is a sharp correction."

The CryptoQuant analyst suggested that the current crisis could be a "structured" scenario and does not create a permanent structural disruption in the market:

"This difference is significant. There is a distinction between sudden and uncertain crises and those that are known in advance, or perhaps even planned. This is a fundamental factor that determines whale behavior. Therefore, I believe my thesis is still valid: This is not a real crisis, but a controlled shake-up."