Bitcoin whales have shown significant on-chain activity shifts following the October 11 market crash. Data indicates that over 14,000 BTC from 12–18 month-old wallets and 4,690 BTC from 3–5 year-old wallets have been reactivated. Additionally, whale inflows to exchanges surged, with 17,184 BTC sent to exchanges on October 15, marking the highest level since the start of the month. The Exchange Whale Ratio has also reached a one-month high, reflecting increased trading activity among large holders. While analysts suggest this could indicate a redistribution phase, the persistent high inflows may contribute to increased market volatility.