According to the latest monitoring data from the on-chain analytics platform Glassnode, amidst prevailing market gloom, large holders with 1,000 to 10,000 BTC are taking contrarian actions. Recently, buying pressure has significantly increased, and their cumulative score has approached the maximum value of 1.
This contrasting phenomenon reflects the divergent sentiments among investors with different holdings. Small and medium investors holding less than 1,000 BTC are continuously selling off, gradually reducing their positions. The behaviors of these two groups are completely opposite, driven by the fear pervasive in the market over the past month.
According to the Fear and Greed Index, the market has been in an extreme state of “Fear” or even “Extreme Fear” for several consecutive weeks. Retail investors, pessimistic about the future, are choosing to cut losses and exit, while whales with more information and patience are quietly accumulating at low levels, continuing to increase their BTC holdings. Currently, the market sentiment is bullish at 53.21%, while bearish sentiment stands at 46.79%, indicating an overall tug-of-war in market emotions.
Such a situation usually indicates a quiet transfer of chips, and the continued accumulation by large holders often signals a market bottom.
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Whales increase Bitcoin holdings against the trend, retail investors continue to cash out and realize profits
According to the latest monitoring data from the on-chain analytics platform Glassnode, amidst prevailing market gloom, large holders with 1,000 to 10,000 BTC are taking contrarian actions. Recently, buying pressure has significantly increased, and their cumulative score has approached the maximum value of 1.
This contrasting phenomenon reflects the divergent sentiments among investors with different holdings. Small and medium investors holding less than 1,000 BTC are continuously selling off, gradually reducing their positions. The behaviors of these two groups are completely opposite, driven by the fear pervasive in the market over the past month.
According to the Fear and Greed Index, the market has been in an extreme state of “Fear” or even “Extreme Fear” for several consecutive weeks. Retail investors, pessimistic about the future, are choosing to cut losses and exit, while whales with more information and patience are quietly accumulating at low levels, continuing to increase their BTC holdings. Currently, the market sentiment is bullish at 53.21%, while bearish sentiment stands at 46.79%, indicating an overall tug-of-war in market emotions.
Such a situation usually indicates a quiet transfer of chips, and the continued accumulation by large holders often signals a market bottom.