What Are Bitcoin Whales Doing?

What-Are-Bitcoin-Whales-Doing

Looking at the Bitcoin Spot Average Order Size chart (CryptoQuant), we can observe that:

From below 10/2025, when order sizes were only around the low tens to ~126K, Big Whale Orders suddenly took over and have remained dominant for more than 5 months.

This suggests that:

✅ Whales are quietly accumulating in lower price zones
✅ Retail investors are being driven by emotions, chasing pumps or panic selling
✅ Spot liquidity is gradually shifting from the crowd to smart money

At the moment (early April 2026), BTC is moving sideways around $65K–$70K, while Big Whale Orders remain highly active.