That's what's happening now.
2020-2021: +500K BTC added in 12 months - front-running the bull run
2022 bear: -500K BTC - distribution complete
2023-2024: stealth re-accumulation, sub-30K, pre-ETF
2025: 1-year change rolling over hard
Whales are loaded before every major move. They're not loading now.
Price at 97K. Whale accumulation is decelerating. SMA(365) is turning down.
That's not a healthy setup. That's smart money stepping back while retail holds.
Written by IT Tech