Bitcoin Whale Holdings Plummet: A 30,000 BTC Decrease Signals Lowest Accumulation Since February

COINOTAG reported on April 16th that CryptoQuant disclosed a substantial decline in whale holdings, with a notable decrease of 30,000 bitcoins over the past week. This significant shift underscores a potential shift in market dynamics, as the aggregate net accumulation rate of Bitcoin has now reached its lowest point since February. On April 7th, the scenario intensified when miners experienced a drop in profit margins to 33%, leading to a daily outflow surge of 15,000 bitcoins. Analysts are closely observing this trend, as it may indicate changing sentiment among large holders, potentially impacting the broader cryptocurrency landscape. This recent data highlights ongoing challenges for miners and raises questions about future market stability amidst evolving conditions.