Bitcoin Whale Wallets Surge to Four-Month High as Retail Investors Exit
Bitcoin whale wallets hit a four-month high while retail investors holding 1 BTC or less dropped to a yearly low.Summary
Data from Glassnode indicates that the number of Bitcoin wallets holding at least 1,000 BTC has increased to 1,384, the highest level in four months, signaling renewed confidence among large holders despite market turbulence. Conversely, wallets holding 1 BTC or less have fallen to 977,420, a one-year low, reflecting typical retail capitulation during price corrections. This divergence suggests whales are accumulating during the downturn. Metrics like short-term holder supply in profit and the STH Realized Profit-Loss Ratio align with historical market bottom indicators. Despite deep fear reflected in the Crypto Fear & Greed Index, analysis suggests capital is rotating within crypto markets rather than exiting entirely, with some observers viewing the extreme pessimism as a contrarian signal.
(Source：BeInCrypto)