October 14th 2026, 1:30 PM
Bitcoin Large Holders Build Up Ahead of Crucial US Inflation Report
Key Summary
Despite $744 million in recent spot ETF withdrawals, Bitcoin whales are accumulating ahead of Wednesday's US inflation report, with large holders increasing their combined holdings to 3.03 million BTC. This contrasts with a decline in US spot Bitcoin ETFs and suggests growing confidence among large holders is beginning to reverse an extended period of distribution.
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Key Findings
Large holders are rebuilding their positions even as ETF investors retreat, leaving Bitcoin's recovery facing a critical test near $83,000.Accumulation by Large Holders
According to CryptoQuant, large holders have increased their combined Bitcoin holdings to 3.03 million BTC, with accumulation accelerating to its fastest monthly pace since February.Contrasting ETF Trends
The divergence comes as Bitcoin trades near $83,000 ahead of September's Consumer Price Index report, which is expected to show inflation accelerating.Market Indicators
CryptoQuant's Bull Score Index, which combines 10 on-chain and market indicators, climbed from 20 in late July to 90 on Sept. 26, its strongest reading since December 2024.Borrowing Activity
Data from crypto lending platform CoinRabbit shows that borrowers with loans exceeding $10 million increased their USDT borrowing by 83.3% in September, reversing a 9.2% contraction in July.ETF Trends
Farside Investors shows that US spot Bitcoin ETFs recorded $744.3 million in net outflows between Oct. 5 and Oct. 12, reversing part of the institutional demand that supported Bitcoin's September recovery.#Bitcoin#US#Crypto#InflationReport