Recent On-Chain data reveals a powerful uptick in Bitcoin accumulation by whales holding between 100 and 1,000 BTC. The addition of 337 new wallets in this cohort shows a growing bullish divergence from retail behavior, as prices flirt with the $107K level.
Over the past six weeks, this cohort has collectively added 122,330 BTC, while the number of such wallets jumped by 337; a 2.1% increase. This trend runs counter to retail hesitation and signals a potential inflection point, as institutional and high-net-worth investors quietly consolidate their positions ahead of the next major move.
The whale vs. retail delta line reveals that whales are beginning to go long, even as retail sentiment remains cautious or bearish. As Bitcoin’s price hovers at a key support level, the growing separation between whale and retail positioning suggests that larger players are front-running a potential rebound, while smaller traders remain sidelined or are selling into weakness.
Paired with a fear & greed index reading of 65 — hovering in the “greed” zone but not yet euphoric; the market appears primed for a potential breakout continuation. As of now, at the time of writing this article, BTC is being trade around $105.6k and has seen a growth in its price by 0.2% over the past 24 hours and stands at a market capitalization of $2.1 Trillion.