Derived from BitJie Wang, Bitcoin's recent 8.8% price drop has revealed a split in market behavior, with large investors (whales) accumulating while small holders continue to sell. Chain data from platforms like Glassnode and CryptoQuant shows whale accumulation scores near 0.6, a bullish indicator, while retail accumulation scores have fallen below 0.2. Exchange outflows have also hit a two-year high, signaling a shift toward long-term holding strategies. Analysts remain divided on the implications, with some pointing to potential rebounds if the Fed cuts rates in September, while others warn of continued volatility unless institutional buyers absorb selling pressure.
Bitcoin Market Divergence: Whales Accumulate as Retailers Sell
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