No, whales are not accumulating massive amounts of Bitcoin: CryptoQuant - Source: CoinTelegraph

Speculation that Bitcoin whales are engaged in a massive reaccumulation phase has been significantly overstated, suggesting the digital asset market structure has not materially changed, according to onchain data from CryptoQuant.

The popular narrative that large holders are aggressively buying Bitcoin is misleading, said Julio Moreno, head of research at CryptoQuant. Much of the publicly shared “whale accumulation” data is distorted by exchange-related activity rather than genuine investor behavior.

Story continues: https://cointelegraph.com/news/bitcoin-whale-accumulation-overstated-long-term-holders-buy