Whale frenzy in accumulation! Addresses holding 100+ BTC have surpassed 20,031, reaching a new all-time high.

Over the past 46 days, whales have accumulated a total of 270,000 BTC, the largest single-month purchase since 2013.
Meanwhile, exchange reserves have dropped to 2.31 million coins, a six-year low.
On one side, the price has fallen below $66K, causing market panic; on the other side, whales are quietly packing and moving coins into cold wallets.
Smart money never enters during the hype.
Looking deeper:
Bitcoin has fallen below the "fire sale" zone at the bottom of the rainbow chart, entering a rarely seen undervalued region in history.
But this time is different. In 2018, the ICO bubble burst, liquidity dried up; in 2022, Luna, 3AC, and FTX were liquidated in succession, with passive selling pressure continuously released. But this time—the price has reached, but the sentiment has not.
No Luna-level blowup, no FTX-style credit collapse. On-chain, there is no extreme concentrated capitulation selling. Miners and long-term holders remain relatively stable.
This is not panic selling, but a redistribution of positions during observation.
The position is undervalued, and the structure is upward. $BTC $ETH $SOL