@justindoulas
Extended accumulation by large wallets often coincides with multi-month bullish regimes, as whales reduce supply on exchanges and build strategic positions. Persistent accumulation across multiple on-chain quarters signals confidence and can tighten float, contributing to upward pressure when combined with rising demand. However, correlation is nuanced: whales may accumulate opportunistically during dips or hedge via derivatives, and large holders can also rotate positions. For interpretive clarity, analyze accumulation pace, exchange balances, and subsequent on-chain distribution; steady, off-exchange accumulation aligned with rising retail engagement tends to correlate strongly with sustained price appreciation, while episodic whale moves are less predictive.
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