Accumulate

Based

Bitcoin

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Bitcoin (BTC) whales are aggressively accumulating BTC at current prices, according to data from Glassnode.</li>
 <li>The behavior of whales and sharks contrasts with smaller investors, who have been distributing assets throughout March.</li>
</ul>
<p>Bitcoin hodlers are showing divergent attitudes as the cryptocurrency hovers near all-time highs, with larger investors significantly increasing their holdings.</p>
<h2 id="whales-and-sharks-accumulate-bitcoin">Whales and Sharks Accumulate Bitcoin</h2>
<p>On-chain analytics firm Glassnode’s data reveals that Bitcoin whales, defined as entities holding 1,000 BTC or more, are actively acquiring more of the cryptocurrency. These large investors, along with “sharks” who hold between 100 and 1,000 BTC, are vying to accumulate coins.</p>
<p>Based on the movement of coins between whale wallets and exchanges, whales held around 84,000 BTC more than 30 days prior as of March 17.</p>
<h2 id="smaller-investors-distribute-assets">Smaller Investors Distribute Assets</h2>
<p>The data also shows that sharks, who aren’t primarily focused on exchanges, began significantly increasing their exposure at the end of February. As of March 17, their 30-day net position change was 244,000 BTC.</p>
<p>This behavior sharply contrasts with smaller investors, or “fish,” who hold between 10 and 100 BTC. These individuals have been distributing assets throughout the month of March.</p>
<p>The analysis suggests that smart money is buying, while less informed money is selling.</p>
<p>Despite the current uncertainty, with old all-time highs proving resistant to being flipped into support, the outlook remains bullish. While institutional inflows continue, price discovery has only existed for a brief period this month.</p>
<p>Comparing the current price cycle to history, some analysts argue that the real excitement hasn’t even started yet. They believe that the regret of past cycles was generally selling too late, while the regret of this cycle will be selling too soon.</p>
<p>The price performance of <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> since the cycle low supports this bullish outlook.</p>

‘Whales’ and ‘Sharks’ Accumulate 328K Bitcoin as Inexperienced Traders Sell Off

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