Bitcoin Mega Whales Continue Selling Amidst Investor Accumulation Shift
Key Points:
- Bitcoin mega whales, holding more than 10,000 BTC, continue to distribute during the recent rally, contrasting with other cohorts who are accumulating.
- The Bitcoin Accumulation Trend Score indicates a shift towards buying among smaller investors. Sharks (100-1,000 BTC holders) have shown strong accumulation behavior.
- The 10 to 100 BTC cohort has also joined the buying trend, contributing to the recent price surge to a new all-time high (ATH).
- Retail investors, groups holding below 1 BTC and 1 to 10 BTC, have started accumulating, possibly inspired by the bull run.
- Whales (1,000 to 10,000 BTC) remain neutral in their trading behavior, neither actively buying nor selling.
- Current Bitcoin price is around $120,900, showing a decrease of 2.5% over the past 24 hours.
