Analysis: During this round of decline, BTC whales increased their holdings by approximately 47,000 coins, while medium-sized holders sold more

According to on-chain analysis released by CryptoQuant on platform X, Bitcoin has dropped about 24% in this round, with whale wallets holding over 1000 BTC collectively increasing their holdings by about 47,000 coins (of which wallets holding 1000 to 10,000 coins increased by 43,700 coins), while wallets holding 100 to 1000 coins reduced their holdings by 50,500 coins, and wallets holding 10 to 100 coins reduced their holdings by 14,400 coins.

The apparent demand on the 30th dropped to about -284,000 BTC, the weakest since April 2025; out of the 16 days since October 29, 14 days recorded net realized losses, totaling about 84,000 BTC. CryptoQuant believes that the selling speed of short-term holders, ETFs, and medium-sized wallets is faster than the absorption capacity of whales.