Despite a slowdown in Bitcoin (BTC) accumulation by whales, weekly net flows among these large holders (addresses with at least 1,000 BTC) have remained positive for nearly four months in a row. 🐋

Positive net flows indicate that more BTC is flowing into these wallets than out, which could indicate buying pressure. Negative net flows were last seen in May.

According to IntoTheBlock, weekly net inflows peaked at 27K BTC ($1.7 billion) in June. Whales received 19K BTC ($1.2 billion) in July, 18K BTC ($1.13 billion) in August, and 9K BTC ($556.9 million) in September.

While the pace of BTC accumulation by whales has slowed, positive net flows can be a bullish signal for the digital asset. However, it is important to note that a slowdown in accumulation can also be seen as a bearish signal.

At press time, Bitcoin is trading at $63,000, up 5% on the day and 9% on the week. 🚀