Fresh CryptoQuant data shows that Bitcoin whales—wallets holding over 10,000 BTC—have more than doubled their accumulation, rising from 26.8K to 62.9K BTC between October 24 and November 7. Meanwhile, mid-sized investors have reduced their exposure, suggesting a shift in confidence toward larger institutional entities.
Source CryptoQuant
This consolidation of capital indicates a bullish long-term outlook, even as the market faces short-term corrections due to profit-taking and fear sentiment. Analysts note that heavy whale accumulation acts as strong price support, helping Bitcoin remain resilient above the $100,000 mark.
Over the next 1–6 months, experts project a moderate rally, supported by institutional inflows and seasonal trends. The ongoing accumulation by major players reinforces the theory that new all-time highs could emerge in the next stage of the market cycle.