A BTC Market Divided: Whales Dump While the Rest Accumulate
CoinDesk
Bitcoin whales are actively selling, driving price pressure, while smaller investors are accumulating the asset.Summary
The Bitcoin market in 2025 shows a significant divergence in behavior, with large holders, or whales holding over 10,000 BTC, consistently distributing their holdings since August, contributing to downward price pressure. Conversely, smaller cohorts (wallets holding under 1,000 BTC) are firmly in accumulation mode, as indicated by Glassnode's Accumulation Trend Score (ATS). Wallets in the 1,000–10,000 BTC range remain neutral. This divide suggests that whales are currently dictating the price action, even as Bitcoin stabilizes around the $100,000 level after earlier volatility.
(Source：CoinDesk)