Retail is dumping the $BTC bounce. Whales aren't.
Latest accumulation data shows wallets under 1 $BTC moving into distribution mode, while the largest cohorts stay neutral to net positive. That's the divergence that matters.
Smallest holders are cutting exposure on the recovery. Largest balances haven't joined the selling pressure yet.
This isn't one homogenous market — each balance cohort behaves differently. The real edge is seeing who's buying and who's selling before price confirms the move. Right now, the size split tells you more than the chart does.
Latest accumulation data shows wallets under 1 $BTC moving into distribution mode, while the largest cohorts stay neutral to net positive. That's the divergence that matters.
Smallest holders are cutting exposure on the recovery. Largest balances haven't joined the selling pressure yet.
This isn't one homogenous market — each balance cohort behaves differently. The real edge is seeing who's buying and who's selling before price confirms the move. Right now, the size split tells you more than the chart does.
