Bitcoin Whales Accumulate 69% More BTC as ARK Warns the Bottom Isn’t In

ARK Invest’s latest Bitcoin Quarterly argues the market has not yet reached a bottom, even as long-term conviction buyers absorbed roughly 1.47 million BTC during the first quarter’s 22% drawdown. The firm’s Q1 2026 Bitcoin Quarterly, with data through March 31, highlights a split between bearish price action and aggressive on-chain accumulation by high-conviction holders.