Glassnode: Whales holding over 10,000 BTC have bought strongly this month, while smaller investment groups are selling Bitcoin.

Cryptocurrency data intelligence platform Glassnode pointed out on April 7 that the buying behavior of whales holding more than 10,000 bitcoins has been strong recently, while smaller investment groups with less than 1 to 100 bitcoins are increasingly selling tokens. (Synopsis: Arthur Hayes: "Continue to increase my position in bitcoin" during yesterday's decline, and altcoins also entered my buying point) (Background supplement: Bitcoin rebounded $80,000 to enter the market? Six indicators to help you judge the timing of the bottom) Since US President Donald Trump fired the first shot at tariffs in early February this year, the cryptocurrency market has been under downward pressure due to the intensification of global economic uncertainty. Last week, on April 3, Trump introduced reciprocal tariffs, which is tantamount to making matters worse for an already fragile market, and Bitcoin once plummeted to a minimum of $74,501 on April 7, killing $1,400 with Ethereum, and the market was full of mourning. Glassnode: Whales are buying bitcoin However, during the market decline, cryptocurrency data intelligence platform Glassnode pointed out earlier this week on platform X that according to its monitoring data, whales holding more than 10,000 bitcoins are buying very strongly, while smaller investment groups holding less than 1 to 100 bitcoins are constantly selling tokens: The whale holding more than 10,000 bitcoins briefly reached a perfect accumulation score (about 1.0) at the beginning of this month, Reflects a strong buy within 15 days. Since then, the score has eased to about 0.65, still showing a steady accumulation trend. But at the same time, groups holding less than 1 BTC to 100 BTC intensified their selling behavior, accumulating scores tending to 0.1 – 0.2. The divergence between small and large holders is significant and widening. In addition, Glassnode also pointed out in another tweet on April 7 that although bitcoin has suffered a severe shock, it still finds support around $74,000, and on-chain data also confirms that this is provided by the first major holding group below $80,000 - more than 50,000 bitcoins have a purchase cost concentrated in the $74,200 range: At the moment, bitcoin seems to have found support at $74,000. This is in line with the first major group of holders under $80,000 – more than 50,000 bitcoins concentrated in the $74,200 price range. This price level is mainly held by investors who have been active for five months, who have steadily increased their cost base during this period and remained static after March 10. For now, $BTC seems to have found support at $74K. This aligns with the first major supply cluster below $80K – over 50K $BTC at $74.2K. This level is mostly held by investors who had been active for five months, steadily raising their cost basis until 10 March, after which… pic.twitter.com/d3g42Mp6OE — glassnode (@glassnode) April 7, 2025 Analyst: Bitcoin's attractiveness as a risk hedge is on the rise Regarding the current polarization of Bitcoin holders, analysts note that The sell-off by small investors reflects the fact that market uncertainty is indeed increasing; But aggressive buying by large holders suggests that Bitcoin's attractiveness as a risk hedge is on the rise. Will Will, an analyst on the X platform, posted on April 7: Looking at the whole picture, the seeds are currently being sown for the accumulation of bitcoin around the world, not only to hedge the impact of the money supply, but also to consider deglobalization and geopolitical tensions. These configurations won't happen overnight, but that's what Bitcoin was born for. Shared some thoughts w @CNBC this morning. Zooming out, seeds are being sown for global accumulation of BTC for not only hedging against money supply, but de-globalization & geopolitical tensions. These allocations won’t come overnight, but this is what bitcoin was made for. pic.twitter.com/esVvTkejgW — Will (@WClementeIII) April 7, 2025 Related Stories Bitcoin pullback 32% Is "the company that bought BTC as a reserve" still alive? Micro-strategy imitation tide of future worries Trump suspends tariffs and troubles oolong" Bitcoin pin 81,000, U.S. stocks ride roller coaster, Fed May interest rate cut expectations rise sharply Yala announced the launch of RealYield: Bitcoin-powered RWA income platform "Glassnode: Whales with more than 10,000 BTC are buying very strongly this month, and smaller investment groups are selling bitcoin" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".