๐จ Whales Are Making Moves While Bitcoin Stays Flat ๐๐
While Bitcoin has been moving sideways in a tight range between $107K and $109K, recent on-chain data reveals a big shift in the behavior of whales โ the powerful players holding massive amounts of BTC. ๐ง๐ฐ
๐ง Are Bitcoin Whales Hinting at a Market Top?
Data suggests that these large investors may be shifting gears โ from accumulating BTC to distributing it. ๐๐
One key metric, the Accumulation Trend Score by Glassnode, helps illustrate this. It tracks how aggressively investors have been buying BTC over the past 15 days, based on wallet size. ๐งฎ๐
A score near 1๏ธโฃ = strong buying
A score near 0๏ธโฃ = selling pressure
Whale wallets holding 10,000+ BTC have recently dropped to a score of 0.4, signaling a move away from heavy buying. ๐ Just last April, they were stacking sats hard around $75K. Meanwhile, smaller wallets are still in accumulation mode. ๐ฅ๐งฑ
This shift might mean whales are looking to take profits or simply playing it safe in case of short-term volatility. ๐ผโ ๏ธ
๐ Exchange Activity Confirms the Trend
Another clue? ๐ Exchange flows. For the past month, whales were mostly withdrawing BTC โ a sign they werenโt ready to sell. But in two of the last three days, whales moved BTC back to exchanges. This behavior often comes right before a sell-off. ๐ค๐
With Bitcoin still trading near its all-time highs, these whale moves could be a warning sign that the market is approaching a correction phase. ๐ฐ๏ธ๐
Stay sharp, stay informed! ๐ง โก#BTC #bitcoin #Binance #BinanceSquareFamily #crypto