hoarding

On-chain data analyst XWIN cited CryptoQuant data indicating that Bitcoin's current on-chain data is showing a significant divergence between whale behavior and the spot market. Although large holders have begun to accumulate again, demand in the spot market remains weak, and the market is transitioning from "seller exhaustion" to a potential bottom. XWIN stated that on-chain data shows positive accumulation signals. Holders of 1,000 to 10,000 Bitcoins have significantly reversed their 60-day net accumulation from negative 62,600 to positive 5,230, indicating that major whales are shifting from a distribution model back to accumulation.At the same time, the USDT reserves on the Binance trading platform have surged from about 790 million USD to 1.76 billion USD, suggesting that potential buying power in the market is increasing. However, spot buying in the U.S. has not kept pace. The Coinbase premium index is currently around -0.1416%, and weekly trading platform flow has turned into a net inflow of 8,428 BTC. Additionally, the short-term holder spent output profit ratio (STH-SOPR) hovers around 0.9982, indicating that short-term holders are still experiencing slight losses near the breakeven point and are choosing to sell.Analysts believe that while the underlying structure is improving, stronger spot demand is still urgently needed to spark a sustainable rebound. They suggest that investors focus on three key signals in the future: the trend of the Coinbase premium index, changes in exchange net flow, and whether the STH-SOPR can successfully rise above the 1 mark.

According to on-chain analyst Ai Yi's monitoring, ARB has increased by over 126% in the past month. A new address accumulated 24.01 million ARB four hours ago, worth 5.295 million dollars, with an average withdrawal price of 0.2204 dollars.

According to on-chain analyst Yu Jin's monitoring, a suspected address related to @HypeStrat (0x6436...0103) has accumulated and staked 365,000 HYPE in the last 24 hours, worth $29.65 million.In the past half month, this address has gradually accumulated and staked 3.029 million HYPE, worth $252 million, with an average price of about $83.4. According to the data released yesterday, it currently holds 31.8 million HYPE, worth $2.513 billion.

According to on-chain analyst Ai Yi's monitoring, a certain address has accumulated 6,000 ETH since August 17, with a cost price range of $1,894 to $2,505. It currently holds ETH worth $14.56 million, with an average purchase price of $2,427.29, resulting in an unrealized profit of $130,000. The most recent increase in holdings occurred 3 hours ago.

According to on-chain analyst Ai Yi's monitoring, a certain address has accumulated 4,000 ETH in the past week, currently showing an unrealized profit of $166,000.The total value of ETH withdrawn from this address is $9.596 million, with an average price of $2,399. ETH is the only asset held by this address.

According to BBX data, yesterday there was a structural differentiation in the Bitcoin treasury strategies of globally listed companies and large asset management entities, with the core dynamics as follows:Cardone Capital increases holdings on dips: Grant Cardone, CEO of the well-established American real estate investment and asset management giant Cardone Capital, officially posted on social platform X announcing that the company has increased its holdings by 130 BTC during the recent market correction. He emphasized that as a strategic asset reserve against inflation, the company will continue to utilize cash flow to allocate Bitcoin spot on dips.Sequans liquidates 80% of holdings to repay debts: Sequans Communications S.A. (NYSE: $SQNS) released an official announcement on Thursday, stating that it has successfully redeemed all debts related to its Bitcoin treasury by liquidating approximately 80% of its Bitcoin holdings, marking its official exit from the previous cryptocurrency asset treasury strategy. Currently, the company holds only 658 BTC and is completely debt-free, with future focus shifting back to its core business in IoT and cellular semiconductors.

According to on-chain analyst Ai Yi (@ai_9684xtpa), a16z (@a16zcrypto) may have become the sixth largest entity holding HYPE and could be the largest external holding institution if the top five are all part of Hype's own ecosystem.Data shows that a16z began a large-scale accumulation mode in August 2025, accumulating a total of 9.18 million HYPE (approximately $356 million), with an average purchase price of $38.77; after deducting the portion transferred to exchanges and market makers, there are still 8.844 million HYPE remaining, stored across dozens of addresses.In just the past 11 hours, a16z has added 206,000 HYPE (approximately $9.95 million) to its holdings; since April 16, it has accumulated a total of 2.35 million HYPE (approximately $10.2 million); since 2026, it has accumulated a total of 4.92 million HYPE (approximately $183 million). Based on the current price, its unrealized profit per coin has reached $7.929 million.

Despite the recent rise in Bitcoin, investors are increasing their bets on its price decline. CEX.IO data shows that short sellers are paying an interest rate of about 11% to maintain their short positions, which once rose to 19%, the highest level since the beginning of 2023. At the same time, Bitcoin is experiencing one of the largest accumulation phases in history. Strong buying pressure and rising short bets indicate that the market may experience significant price volatility, and one side may be "squeezed" or face a reverse impact. Currently, Bitcoin is down 1.6%, trading at $75,754.

Bitmine Chairman Tom Lee posted a video on the X platform showing that Ethereum co-founder Joe Lubin stated in an interview that after communicating with Michael Saylor, he found that the Ethereum treasury strategy could perform better than Strategy.Lubin pointed out that using Bitmine's model as an example, by allocating 100% of funds to ETH and participating fully in staking, compound growth can be achieved from day one. Compared to simply holding Bitcoin, Ethereum can also drive the balance sheet from a "holding" type to a "revenue + allocation" type through staking rewards and a multi-layer return mechanism within the ecosystem.

According to The Street, veteran investor Simon Dixon publicly criticized the Bitcoin accumulation strategy promoted by Michael Saylor, stating that it may exacerbate the centralization risk of Bitcoin.Currently, Strategy holds approximately 762,000 BTC, accounting for over 3% of the total supply. The company recently launched a $42 billion ATM financing plan, intending to continue accumulating Bitcoin.Dixon pointed out that this model deeply binds Bitcoin to the traditional financial system, making it more susceptible to short-term trading and price manipulation, deviating from the original intention of decentralization. He suggested returning to self-custody and long-term holding strategies, rather than centralized allocation through publicly listed companies.

CryptoQuant data shows that the average size of ETH whale sell orders on Binance has decreased from around 1,350 ETH recently to about 2,250 ETH at the beginning of January. Based on an estimated 15 to 35 whale-level transactions per day, the cumulative sell volume since January 8 is approximately 1.8 million to 2 million ETH. At an average price of $2,400, this corresponds to a large transaction amount of about $4.3 billion to $4.8 billion.Analyst Darkfost stated that the decrease in average order size indicates that large participants are gradually exiting the market, while smaller traders maintain stable trading volumes, and large players are reducing their direct interaction with the order book. This shift has led to a temporary weakening of market depth, diminishing the ETH market's ability to respond to short-term price imbalances.Meanwhile, ETH accumulation addresses have increased their holdings by over 2.5 million ETH during the price drop of about 20% in February, raising total holdings from 22 million at the beginning of the year to 26.7 million, indicating stable demand beneath the surface. Futures market liquidation data shows that over $2 billion in short positions are concentrated around the $2,000 mark, forming a dense liquidity area that may become a short-term attraction zone for ETH prices. If ETH declines to $1,600, approximately $682 million in long positions could be at risk.

According to market news, a whale that has been hoarding Bitcoin since 2012 awakened 6 hours ago and transferred 909.38 BTC, worth approximately 84.62 million USD. This wallet accumulated these Bitcoins between December 2012 and April 2013, when the price of Bitcoin was around 50 to 100 USD.

According to on-chain analysts, an address (0x3c9e...f757) that profited $14.26 million by buying low and selling high on WBTC has accumulated 13,700 ETH since 2026, with a total value of $43.91 million.4 hours ago, this address withdrew 1,000 ETH from Kraken, which is now fully deposited in Aave as collateral. The average holding price for this portion of ETH is $3,205, currently showing an unrealized loss of $216,000.

According to Onchain Lens monitoring, two newly created addresses have recently accumulated $5.48 million worth of LINK, possibly belonging to a single entity.Wallet "0x10D" withdrew 202,607 LINK worth $2.7 million from Binance. Wallet "0xb59" withdrew 207,328 LINK worth $2.78 million from Binance.

According to Lookonchain monitoring, the address "0xb5E4" has withdrawn 823,368 UNI from Binance and Bybit in the past 5 hours, worth approximately 4.72 million dollars. Currently, this address holds 1.61 million UNI, worth about 9.1 million dollars.

According to Jinshi, the Japanese exchange is studying how to curb the behavior of listed companies hoarding cryptocurrencies.

ChainCatcher message, new address 0x311...5FD1A has accumulated 7,889 ETH from CEX in the past 8 hours, with a total value of $31,410,000 and an average acquisition price of $3,982.

ChainCatcher message, according to on-chain analyst Ai Yi (@ai_9684xtpa), has monitored that the new address 0xAeA...DD5fD has accumulated 4332.14 ETH in the past three days, worth 17.17 million USD. This address withdrew 1506 ETH from OKX at a cost of 4096.82 USD, and today it added 2825 ETH at a price of 3892.21 USD, bringing the average cost down to 3963.36 USD, and is now close to breaking even.