[Analysis: Whales Added Approximately 47,000 BTC During This Decline, But Mid-Sized Holders Sold More] According to on-chain analysis released by CryptoQuant on the X platform, Bitcoin's recent decline of approximately 24% saw whale wallets holding over 1,000 BTC collectively add approximately 47,000 BTC (of which wallets holding 1,000 to 10,000 BTC added 43,700 BTC). However, wallets holding 100 to 1,000 BTC reduced their holdings by 50,500 BTC, and wallets holding 10 to 100 BTC reduced their holdings by 14,400 BTC. Apparent demand on the 30th fell to approximately -284,000 BTC, the weakest since April 2025; net realized losses were recorded on 14 out of 16 days since October 29th, totaling approximately 84,000 BTC. CryptoQuant believes that short-term holders, ETFs, and mid-sized wallets sold off faster than whales could absorb the losses.