Bitcoin whale rift emerges: whale-sized addresses continue to accumulate, while mid-sized holders accelerate selling

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Mars Finance news: On July 20, crypto analyst Amr Taha pointed out that recent activity among Bitcoin holders has shown clear divergence. Large whales are continuing to accumulate, while mid-sized wallets are selling off at an increasingly fast pace. Specifically, wallets holding 1,000 to 10,000 BTC added net about 66,700 BTC over the past 60 days, close to the level of 68,000 BTC set on June 16. By contrast, wallets holding 100 to 1,000 BTC saw net selling of about 77,800 BTC, one of the most aggressive sell-off periods in the current data. Historical data shows that the behavior of wallets holding 100 to 1,000 BTC coincides with major short-term market turning points. On April 25, the group’s net accumulation exceeded 92,000 BTC. About 10 days later, Bitcoin entered a short-term pullback, with the final drop around -29%. Amr Taha believes that the continued accumulation by large holders will reduce the amount of supply available immediately, especially during periods when smaller groups actively distribute Bitcoin. While group data alone cannot determine future price trends, the current shift of supply toward large wallets may signal a positive outlook for Bitcoin in the medium term.
BTC3.28%
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