Bitcoin whales are sitting on record-breaking holdings right now—but here's the thing: they never got a chance to cash out during this cycle. That window just never happened. So what are they doing? They've been quietly stacking more BTC lately, loading up while they wait. The math is simple—they need the price to move up to finally realize those gains. The real talk? This bull run hasn't actually started yet. We're still in the early innings, waiting for that moment when everything clicks into gear.