Data: Bitcoin whales are currently divided, whale-class addresses continue to accumulate, while the mid-sized holder group is accelerating sell-offs

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ME News, July 20 (UTC+8): Crypto analyst Amr Taha said that recent activity among Bitcoin holders has shown clear divergence: large whales continue to accumulate, while mid-sized wallets are accelerating their selling. Specifically, wallets holding 1,000 to 10,000 BTC recorded net accumulation of about 66,700 BTC over the past 60 days, nearing 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 selling periods in the current data. Historical data shows that the behavior of wallets holding 100 to 1,000 BTC aligns with key short-term market turning points. On April 25, this group’s net accumulation exceeded 92,000 BTC. About 10 days later, Bitcoin entered a short-term pullback, with a final drop of about -29%. Amr Taha believes that continued accumulation by large holders will reduce the amount of supply immediately available—especially during periods when smaller groups actively distribute BTC. While group-level data alone cannot determine future price direction, the current shift of supply toward larger wallets may signal a positive outlook for Bitcoin in the mid-term. (Source: ChainCatcher)
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