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Bitcoin whales shift to accumulation but US spot demand remains weak, signaling a potential market bottom.

Technical Signals
21 Oct 2026
Zycrypto
View Source
Neutral
Bitcoin whales shift to accumulation but US spot demand remains weak, signaling a potential market bottom.

CryptoQuant reports that large Bitcoin holders (whales) have moved from selling to accumulating BTC, with their net position improving by over 67,000 BTC in 60 days. Binance's USDT reserves have also increased, indicating potential buying power. However, retail and institutional spot demand in the US remains subdued, with indicators like the Coinbase Premium and Short-Term Holder SOPR suggesting weak buying interest. The market may be nearing a bottom, but a sustained price rally depends on stronger spot demand signals in the coming weeks.

Bitcoin whale accumulation is up by over 67,000 BTC in 60 days, signaling increased large-holder activity. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 21, 2026 23:51 WIB: out of 50 major cryptocurrencies, 41 rose and 8 fell today. Notable movers include BAL (Balancer) with a 1-day change of +11.14% at Rp16.297, EOS (EOS.IO) up 8.13% at Rp12.649, and BAT (Basic Attention Token) down 12.92% at Rp3.278 with an 84% sell order activity on Pluang.

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