Large Bitcoin holders have resumed accumulation after months of selling, according to an analysis by CryptoQuant. The shift comes as Bitcoin recovered from around $62,000 to approximately $87,000, moving above its 365-day moving average. CryptoQuant’s Bull Score Index climbed from 20 in late July to 90 on September 26, now at 80, signaling the early stages of a potential bull cycle. Whale wallets, excluding exchanges and mining pools, now hold 3.03 million BTC. U.S. Bitcoin ETFs have recorded approximately 2,300 BTC in net inflows in 2026, worth around $1.5 billion.
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