The "whales" are quietly accumulating

The chart from Glassnode (as of 19/05/2025) shows that accumulation is occurring across most wallet groups, including smaller wallets (<1 BTC) with a slight accumulation score (~0.55). Larger wallet groups like 100–1K BTC (0.9) and 1K–10K BTC (0.85) are also accumulating strongly. Only the 1–10 BTC wallet group is still net selling.

1. Large wallet group:

* 100–1K BTC: Accumulation score ~0.9

* 1K–10K BTC: Accumulation score ~0.85

→ Accumulating very strongly, continuously since December 2024 until now.

2. Retail group:

* <1 BTC: Shifted from net selling to slight accumulation (~0.55)

→ Retail is "getting back in" as prices rise from $60K → $90K

3. The only group still selling is 1–10 BTC.

* BTC price has increased by 50% since August 2024

→ Accumulation behavior is increasingly widespread, including from small wallets.

4. Positive signals, but note: the 1–10 BTC group is usually retail that has made a profit.

So:

Whales accumulating → Preparing for a breakout?

Retail taking profits → Risk of correction?

- What are your thoughts?