The market is experiencing a clear differentiation at the current stage

As the whales holding over 10k $BTC, after accumulating enough $BTC for themselves at low price ranges in recent weeks, have now slowed down their accumulation and returned to a neutral level (observing)

Meanwhile, the group holding 1k-10k $BTC and the group holding 100-1k $BTC are currently the main accumulation groups driving price increases

This is the smart money group, and they tend to be less conservative than the group holding over 10k $BTC, so the capital flow from this group shifts very quickly and strongly between $BTC and Altcoin if the Altcoin wave starts to explode

The retail investors holding under 1 $BTC are still the group continuing to sell at the current time, surprisingly, they have been selling continuously from the moment the price dropped to the current price increase

The trend situation is gradually entering a stabilization phase and facing challenges regarding the growth of $BTC in the near future

Whales holding over 10k $BTC show signs of shifting to a phase of observing, indicating that they currently have enough holdings and are waiting for the retail investors to start buying, and they will be the ones selling to the retail investors