Retail investors are selling off and ETF inflows surge, whales accumulate Bitcoin

Investors holding between 10 and 10,000 BTC (commonly referred to as 'whales' and 'sharks') have accumulated over $7.8 billion worth of Bitcoin during this period.

The surge in trading activity seems to reflect an increasing optimism among major participants. Santiment points out that these influential wallets, which typically indicate the overall health of the market, have added more than 81,000 new Bitcoins despite recent market volatility, marking an increase of about 0.61%.

This trend suggests that people are confident in the long-term potential of Bitcoin, and may even signal expectations for future price breakthroughs.

Interestingly, while large investors are accumulating Bitcoin, small retail investors are selling off. Wallets holding less than 0.1 Bitcoin have lost nearly 290 Bitcoins, indicating that during the recent market turbulence, investors either fell into panic selling or lost interest in Bitcoin.

In addition to direct accumulation, institutional interest also seems to be on the rise. Since mid-April, Bitcoin ETFs have seen massive inflows—over $5.1 billion has flowed into these investment vehicles since April 16, further enhancing market momentum.