Whale accumulation stalling? 🤔

Bitcoin on-chain signal

I've been digging into the on-chain data and noticed something interesting. Dolphin balances have been making lower highs since September 2025, while whales have been flat since February 2026. In the past, when both groups stall at the same time, we usually see sustained price weakness.

Makes me wonder if the smart money is stepping away. Are we heading into a cooling-off period? 🤔