BlockBeats News, February 3 — Analyst James Van Straten cited Glassnode data indicating that during the sharp decline in Bitcoin prices, the only group still actively buying are the mega whales holding over 10,000 BTC. All other holding size groups are selling.
According to Glassnode’s “Wallet Group Accumulation Trend Score,” the largest whales are in a “mild accumulation” phase, and since Bitcoin dropped to $80,000 at the end of November last year, their holdings have maintained a neutral to slightly increasing trend. During this period, Bitcoin’s price mainly fluctuated between $80,000 and $97,000, continuing until the end of January.
In contrast, all smaller holding groups are net sellers, especially retail investors holding fewer than 10 BTC. This group has been continuously selling for over a month, reflecting a bearish outlook among small and medium investors and their ongoing risk avoidance.
Meanwhile, the number of independent entities holding at least 1,000 BTC has increased from 1,207 in October last year to 1,303. Since Bitcoin hit a record high in October last year, this growth in large holders indicates that bigger investors are buying the dip. Currently, the number of whales holding at least 1,000 BTC has risen to a high not seen since December 2024, further confirming the market pattern of “large funds absorbing selling pressure while small funds continue to exit.” (Coindesk)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana Holds Key Support as Bitcoin Rally Lifts Crypto Market
Solana's price remained above $80 amid rising Bitcoin values, contributing to a broader crypto market recovery with a capitalization of $2.35 trillion. Institutional demand and easing geopolitical tensions supported this growth, while Solana led in decentralized finance activity, recording significant DEX and stablecoin volumes in March.
CryptoNewsLand1h ago
Bitcoin Treasury Company Strategy Split: Nakamoto Holdings Cuts Its Position to Take Profit, Strategy Holdings Remain Unchanged
On April 3, under market pressure, Bitcoin Treasury Company adopted different strategies: Nakamoto Holdings sold 284 bitcoins to adjust its balance sheet, while Strategy kept 762,000 BTC untouched. New Hampshire plans to issue Bitcoin-backed municipal bonds, expected to raise $100 million. CoinShares merged with Vine Hill Capital and listed on Nasdaq.
GateNews1h ago
In the past 24 hours, liquidations across the entire network totaled $136 million, with both longs and shorts getting squeezed.
According to CoinGlass data, on April 3 the total crypto market liquidation amount within 24 hours reached $136 million, affecting 91,285 people. Of this, BTC and ETH liquidations were $33.7147 million and $23.7248 million respectively, and the largest single liquidation was $8.9259 million.
GateNews2h ago
