The big bitcoin divide: 'Whales' are buying the dip while everyone else runs for the exits
Large bitcoin 'whales' are accumulating during the recent selloff, while retail traders are consistently selling their holdings.Summary
On-chain data from Glassnode reveals a significant divergence in Bitcoin holder behavior during the recent price decline toward $78,000. Very large investors, or 'whales' holding 10,000 BTC or more, are in a phase of light accumulation, maintaining a neutral-to-slightly-positive balance trend since Bitcoin fell below $80,000 in late November. Conversely, all smaller holder cohorts, especially retail traders with less than 10 BTC, are net sellers, exhibiting persistent distribution for over a month due to risk aversion. This trend is further supported by an increase in entities holding at least 1,000 BTC, which grew from 1,207 in October to 1,303, indicating that large players are absorbing supply while smaller participants exit the market.
(Source：CoinDesk)