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Bitcoin whale accumulation drops to 2022 levels, signaling a worsening bear market.

Market News
29 May 2026
Benzinga
View Source
Bearish
pluang ai news

Bitcoin whale wallets holding 1,000 to 10,000 BTC are shrinking at the fastest rate this year, mirroring the 2022 bear market conditions when accumulation stalled and turned negative. Dolphin wallets, mainly ETFs and corporate treasuries, continue to grow but at a much slower pace. Long-term Bitcoin holders now hold a record 15.8 million BTC, but this reflects weak short-term demand rather than bullish sentiment. Bitcoin price is pressing the lower Bollinger Band around $72,551, with technical indicators suggesting potential further declines toward $70,000 or lower unless ETF inflows improve and price recovers above key moving averages.

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