Bitcoin Whale Divergence: Mega Whale Addresses Continue to Accumulate, While Mid-Tier Holders Accelerate Selling

BlockBeats News, July 20th – Crypto analyst Amr Taha pointed out that the Bitcoin holder group has recently shown a significant divergence in behavior, with large whales continuing to accumulate while mid-sized wallets are selling at an increasing rate.

Specifically, wallets holding between 1000 and 10000 BTC have seen a net accumulation of about 66700 BTC in the past 60 days, close to the 68000 BTC level reached on June 16th. In contrast, wallets holding between 100 and 1000 BTC have seen a net sell-off of about 77800 BTC, marking one of the most aggressive selling periods in current data.

Historical data shows that the behavior of wallets holding between 100 and 1000 BTC aligns with significant short-term market turning points. On April 25th, this group saw a net accumulation of over 92000 BTC. About 10 days later, Bitcoin experienced a short-term retracement, ultimately declining by approximately -29%.

Amr Taha believes that the continued accumulation by large holders will reduce the available immediate supply, especially during periods when smaller groups are actively distributing Bitcoin. While future price trends cannot be determined solely based on group data, the current shift in supply towards large wallets may indicate a positive signal for Bitcoin in the medium term.