Summary
- Bitcoin (BTC) whales and early holders reportedly ended about 4 months of net selling and switched to net buying.
- According to on-chain indicators, the accumulation trend score of the whale wallet cohort holding over 10,000 BTC recorded 0.8, indicating entry into an active accumulation phase.
- As investors of various sizes show accumulation, signs of market bottom perception and easing selling pressure are appearing.
Bitcoin (BTC) whales and early holders appear to have ended about 4 months of net selling and switched to net buying since last week. On-chain indicators point to strong buying demand, drawing attention to a possible shift in market sentiment.
On the 27th (local time), crypto-focused media CoinDesk reported that the Accumulation Trend Score for institutional-level whales holding over 10,000 BTC registered 0.8. This is a high indicator suggesting the whale wallet cohort has entered an active accumulation phase.
Not only whales holding over 10,000 BTC, but mid-sized investors holding 100–1,000 BTC have maintained an aggressive net-buying posture since October.
Meanwhile, small holders with less than 1 BTC have also shown the strongest accumulation since July, indicating that perception of a market bottom is spreading.
On-chain data show that selling pressure that persisted for several months is easing and that major holders appear to have shifted toward buying.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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