Bitcoin surged to $97.8K this Wednesday, with the price movement backed by solid on-chain evidence of intelligent capital accumulation while retail traders were exiting positions. Our latest analysis updates the market dynamics with a detailed color-coded breakdown showing five distinct phases. The data reveals a critical pattern: major holders are consistently building their positions as retail sentiment turns bearish. This divergence between whale buying and retail selling typically signals strong accumulation phases during market corrections. The latest chart snapshot captures this exact moment—whales aggressively adding to holdings while smaller traders panic-sell, a classic market structure that often precedes significant rallies.