Whale frenzy sweeps 23.3 billion USD worth of Bitcoin: Bottoming signal in valuation has appeared

【Crypto World】Bitcoin’s recent trend is beginning to send some interesting signals. According to the BTC Yardstick valuation indicator, Bitcoin’s price has fallen to a new low since the last bear market in 2022. More importantly, it is 1.6 standard deviations below the long-term average—historically, whenever such extreme conditions occur, it often signals the arrival of a cycle bottom.

Even more noteworthy are the on-chain data movements. Over the past month, large investors have been busy, accumulating a total of 269,822 Bitcoins worth $23.3 billion. This is no small number—it’s the largest whale buy-in in a single month since 2011. In other words, institutional investors with significant capital are quietly positioning themselves, seemingly preparing for the upcoming rebound. From valuation and capital flow perspectives, the market bottom is becoming increasingly evident.