According to data from CryptoQuant, short-term whales — wallets holding BTC for up to 30 days — are currently actively accumulating Bitcoin.

This cohort typically represents:

• tactical large players
• swing-position funds
• high-capital traders reacting to volatility

Unlike long-term holders, short-term whales are often more sensitive to:

📉 sharp drawdowns 📊 derivatives positioning 💰 funding rate dislocations

Their aggressive buying during market stress may indicate:

• dip-buying behavior
• positioning ahead of potential short squeeze
• expectation of a near-term rebound

When short-term whales accumulate during:

• extreme fear
• rising short interest
• negative funding rates

…the probability of volatility expansion increases.

However, this is not necessarily a structural bottom signal. Short-term whales can:

• flip positions quickly
• provide temporary liquidity
• amplify both rebounds and breakdowns