Whales Hit the Brakes on Bitcoin: Who's Triggering the New Rise? - Coin Bulletin

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While the accumulation of large investors in the Bitcoin market continues unabated, the purchases of ultra-large whales have stagnated.

Crypto analytics platform Glassnode has shared new data revealing the accumulation trends of Bitcoin (BTC) holders. According to this data, investors holding 1,000 to 10,000 BTC, especially so-called large wallets, continue to buy strongly. This group has a savings score of around 0.9**, followed by investors holding between 100 and 1,000 BTC, and their score is around 0.8.

On the other hand, ultra-large whales holding over 10,000 BTC have started to act more cautiously regarding accumulation. The drop in the score of this group, which made quite high purchases in previous weeks, to about 0.5 indicates that purchases have shifted to a more neutral zone.

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Small investors' sales are attracting attention

On the other hand, it has been observed that investors known as smaller players in the market, who hold less than 10 BTC of Bitcoin, continue to sell. The distribution trend of this group can be interpreted as a profit-taking strategy in response to the current movements of the market.

Looking at the overall table, it can be seen that the price of Bitcoin has exhibited a volatile trend in parallel with these accumulation and distribution tendencies. Particularly, the activity of large buyers in the market may positively reflect on the price of Bitcoin in the short and medium term. This situation may allow investors to gain a clearer idea about the market direction.

You can carry out your Bitcoin trading transactions through Binance TR.