Bitcoin Whale Accumulation Plummets To 2022 Levels: Why The Bear Market May Get Worse First

CryptoQuant says bitcoin whale and dolphin accumulation stalled as demand remains weak

CryptoQuant reports that bitcoin whale balances are contracting year-over-year at the fastest pace of 2026 while dolphin monthly growth approaches zero, mirroring the 2022 bear phase setup. For treasury and portfolio managers, the data signals structural demand erosion — long-term holder supply at 15.8M BTC reflects stagnant turnover, not accumulation, reducing the case for near-term BTC allocation or DCA strategies.