Whales Keep Buying, Retail Sells: Bitcoin Market Divergence Deepens
Recent market data shows a clear divergence in the behavior of Bitcoin investors. Specifically, large investors, often referred to as "whales", are actively accumulating more Bitcoin, while retail investors tend to sell.
Whales Increase Bitcoin Accumulation
According to a report from Glassnode, since March 11, 2025, wallet addresses holding more than 10,000 BTC have increased their holdings by 129,000 BTC, equivalent to about $11.2 billion, at an average price of about $87,500 per BTC. This is the fastest accumulation rate since late August 2024, indicating strong confidence among large investors in Bitcoin's long-term prospects.
Retail Investors Reduce Sell-Offs
In contrast, retail investors, especially those who entered the market during the recent bull run, are suffering significant losses and tend to sell to cut losses. According to Reuters, the current bear market has hit new investors the hardest, with many accepting large losses as Bitcoin's price fell from its all-time high of $109,071 in January to around $80,000.
Market Impact
This divergence creates a two-tiered market where large investors consolidate their positions while retail investors retreat. This could lead to significant price volatility, depending on whale accumulation and selling pressure from retail investors.
Currently, Bitcoin price is hovering around $83,459, up slightly by 0.396% from the previous session.