Bitcoin Whales Are Accumulating BTC at Multi-Month Lows

As Bitcoin's price plunges to multi-month lows, holding below $100,000, "smart money" is making a move. This "Chart of the Day" shows a sharp spike in Bitcoin whale accumulation, with the count of entities holding at least 1,000 BTC rising to 1,436. This is a sharp reversal from the broader 2025 selling trend and suggests a growing conviction from large entities that Bitcoin is undervalued at current levels. CoinDesk's Jennifer Sanasie brings you CoinDesk's Chart of the Day presented by Crypto.com.