Bitcoin Whales Continue Accumulating While Smaller Holders Shift to Selling

Bitcoin whales have been actively accumulating more of the cryptocurrency, according to Glassnode data, signaling strong buying interest in the market.

This behavior sharply contrasts with that of smaller holders, who are increasingly moving to sell.

Earlier this month, these large holders reached an accumulation score of nearly 1.0, reflecting intense buying activity. While the score later decreased to 0.65, indicating a slight cooling in buying pressure, it still points to continued accumulation by the whales.

In contrast, smaller Bitcoin holders, with balances between 1 and 100 BTC, have been selling, with their accumulation scores dropping significantly. This indicates a shift in sentiment, with larger players remaining optimistic about Bitcoin’s future, while smaller holders seem more risk-averse.

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This divergence in behavior also mirrors broader market trends, where larger investors are positioning for long-term gains, potentially driven by global economic and geopolitical uncertainty. Experts, like Will Clemente, argue that Bitcoin’s appeal as a hedge against inflation and geopolitical instability is growing, although large-scale accumulation will take time.

Bitcoin’s price has recently dropped below $80,000, and while it saw a modest recovery with a 5% gain, many public companies holding Bitcoin have reported unrealized losses, as their holdings are now below their acquisition costs. CryptoQuant data shows that nearly 26% of the total Bitcoin supply is currently in a loss, which, though concerning, is not unusual in the cyclical nature of the crypto market.

Despite the fluctuations, the contrast between the buying strategies of whales and the selling trend of smaller holders underscores differing market perspectives and ongoing uncertainty in the global economic landscape.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.