On-chain data shows a striking shift in Bitcoin movement patterns. Large holders are becoming increasingly active, with average deposit sizes climbing 34x—a dramatic indicator that major players are repositioning their holdings rather than dumping coins in panic.

This isn't the signature of retail capitulation. When transaction volumes drop while individual transfer sizes explode this way, it typically signals institutional or whale-level strategic accumulation. They're not rushing; they're carefully staging positions.

The message is clear: big money isn't fleeing. They're buying the dips methodically. For traders watching whale behavior as a market thermometer, this pattern deserves attention as a potential bullish setup.