Bitcoin’s Biggest Holders Ramp Up Buying While Retail Traders Remain Flat

Bitcoin's largest holders are increasing their positions again, creating a divergence from smaller retail investors who remain inactive. Bitcoin climbed above $87,400 last week, but the rally has since lost momentum. The world’s largest cryptocurrency then tested the $83,000 range before it surged past the upper boundary of its weekly range at $85,000. Amidst the stagnation, larger holders are increasing their holdings again. Whale Accumulation Returns According to blockchain analytics platform Santiment, wallets holding between 10 and 10,000 BTC added 41,025 units over the past 10 days. Their total balance has now reached 13.64 million BTC, equal to about 67.93% of Bitcoin’s total supply. Santiment explained that these whale and shark wallets are now at their highest holdings since the market rally in mid-August. There is a clear difference between large and small holders. Wallets holding less than 0.01 BTC have remained mostly unchanged during the same period. Santiment revealed that stronger market conditions have historically appeared when larger holders accumulate while smaller traders sell. However, the analytics firm said the current pattern is not a guaranteed signal for Bi...