Whales Accumulating, Retail Investors Selling
According to the latest data from Santiment, large Bitcoin holders — addresses with 10 to 10,000 BTC — have collectively added more than 32,693 BTC to their holdings since January 10. This has resulted in a 0.24% increase in their total BTC balances.
At the same time, smaller holders — those with less than 0.01 BTC — have been selling off their positions, shedding a combined 149 BTC and reducing their holdings by 0.30%. This pattern sends a clear message: institutional or 'smart money' is stepping in while retail investors are stepping out.
The Classic Bull Market Setup
This divergence is often seen in the early stages of a bull market. It typically reflects a scenario where large players begin accumulating assets, pushing prices higher, while retail traders remain skeptical or uncertain. This sets the stage for a more powerful upward movement in the near future.
Market Sentiment and Outlook
How long this trend continues will depend on how long retail investors remain hesitant about the current price action. If retail stays on the sidelines, whales may continue to drive the market, potentially leading to a stronger rally.
At present, investor sentiment remains in the 'extremely bullish' green zone, indicating a positive market environment and a growing sense of confidence among investors.