Not Whales, But long-term Holders Now Drive BTC

While bitcoin remains above $89,000 at the start of 2026, many analysts claim that whales are beginning a powerful accumulation movement. A signal perceived by some as the prelude to a new bull run. However, behind this optimistic reading, on-chain data tells a very different story. Far from a massive return of large holders, the current market dynamic seems driven by other actors, much more discreet… and probably more decisive for what comes next.

L’article Not Whales, But long-term Holders Now Drive BTC est apparu en premier sur Cointribune.