Bitcoin Whales Resume Buying After Months of Selling: CryptoQuant

Large Bitcoin (BTC) holders have resumed accumulation after months of selling, according to an analysis published by CryptoQuant. The shift comes as the cryptocurrency recovered from lows near $62,000 to highs around $87,000 and moved above its 365-day moving average. Other market and on-chain indicators also point to improving conditions. CryptoQuant’s Bull Score Index, which combines ten market and on-chain indicators, climbed from 20 in late July to 90 on September 26. The index now stands at 80, which the firm says signals the early stages of a potential bull cycle.