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🐋 Bitcoin's largest holders are accumulating while mid-sized investors are selling.
According to CryptoQuant, whales accumulated 66,700 BTC over the past 60 days, while mid-sized holders distributed 77,800 BTC.
This kind of divergence often signals a transfer of supply from weaker hands to long-term strategic buyers.
When institutions and large holders step in during periods of distribution, it typically reduces liquid supply available in the market.
The key question isn’t who is selling.
It’s who is absorbing the supply.
$BTC