The contrast in behavior between large and small Bitcoin holders is becoming increasingly noticeable. According to data from the analytical platform Santiment, while "whales" continue to increase their positions, retail investors are shedding cryptocurrency amid its prolonged consolidation below the $100,000 mark.
Whales vs. Retail Traders
Bitcoin wallet owners with balances ranging from 10 to 10,000 BTC have accumulated an impressive 81,338 Bitcoins over the past six weeks, starting from March 26. This represents a 0.61% increase in the total holdings of this group. According to Santiment, such dynamics may foreshadow a retest of the psychologically significant level of $100,000 in the near future.