Whales Accumulate Bitcoin Near Record Highs as Retail Sells Off
As Bitcoin hovers just below its all-time high of $112,000, large holders are ramping up their accumulation while smaller investors appear to be exiting.
Bitcoin whales—wallets holding more than 10,000 BTC—have entered a phase of aggressive buying, signaling strong confidence in continued upside. This accumulation trend is also being seen among holders with 1,000 to 10,000 BTC, according to on-chain data from Glassnode.
In contrast, smaller investors—those holding less than 1 BTC and up to 100 BTC—have been steadily selling or distributing their coins over the past couple of months. This divergence in behavior suggests a potential shift in ownership from retail traders to institutional and high-net-worth investors.
The accumulation trend began to gain momentum shortly after Bitcoin dropped to a local low near $76,000 in mid-April. With prices now around $109,000, the sustained buying activity by whales is being viewed by analysts as a bullish signal, possibly pointing to positioning ahead of another upward move.
