Data shows a notable cooling in whale activity last December. Inflows to a major exchange dipped significantly from $7.88B to $3.86B, marking a sharp pullback in large-holder deposits. This shift suggests that while the occasional whale transaction still makes headlines, the sustained buying pressure from institutional and whale players has lost momentum. The contrast is telling—fewer whales parking capital at the venue, even as sporadic large moves continue to ripple through the market. For traders monitoring onchain patterns, this could signal a shift in accumulation sentiment among top-tier holders.