Smart money appears to be buying the dip, while retail is heading for the exits.

BTC whale holdings have climbed to around 3.06M BTC in 2026, with large holders accumulating even as price dropped below $60K.

ETH tells a similar but more divided story: wallets holding 10K+ ETH are hitting record levels, while smaller holders continue selling.

Meanwhile, $BTC and $XRP are hovering around their realized prices, while $ETH has already fallen below its own — a zone that has historically lined up with major cycle bottoms.

The big question: are whales positioning for the next move while retail is giving up?
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