Bitcoin whales have increased their combined holdings to 3.03 million BTC, accumulating at the fastest monthly pace since February. This accumulation comes despite net outflows of $744.3 million from US spot Bitcoin ETFs between Oct. 5 and Oct. 12, including $484.9 million on Oct. 7 alone. Bitcoin trades near $83,000 as investors await Wednesday’s US Consumer Price Index report for September, which is expected to show inflation accelerating to 3.6%. CryptoQuant’s Bull Score Index reached 90 on Sept. 26, its highest level since December 2024, before retreating to 80. Wednesday’s inflation figures will determine whether growing confidence among large holders can withstand continued pressure from interest rates and weaker investment flows.
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