Increase in Bitcoin's High-End Wallets by 231 as Retail Confidence Plummets

Bitcoin's price remains stable above the significant $100K mark, despite global geopolitical and trade tensions, and seasonal sluggishness. However, an apparent disconnect is forming within the network, evidenced by a substantial divergence in Bitcoin wallets. Over the last 10 days, the count of elite wallets, those holding 10 or more BTC, has increased by 231, a 0.15% rise.

Conversely, retail wallets have decreased by 37,465. Interestingly, this pattern of rising whale accumulation and falling retail confidence often signals bullish momentum for the wider crypto market. Additionally, larger transactions are increasing, suggesting that institutions or high-net-worth individuals are driving current on-chain activity. The sentiment among retail investors has turned sharply negative, often a signal for a price rebound. Furthermore, Bitcoin is increasingly seen as a store of value rather than a spending tool, with supply absorbed mainly by ETFs, corporate treasuries, and funds.