Analyst: BTC Retail Investors and Whales Accumulate in Sync Recently; Whales Holding Over 10,000 BTC Show Largest Position Building in Two Years

Odaily reported that according to analyst Murphy's post on X, data shows that retail addresses holding less than 1 BTC have accumulated a net total of 23,074 BTC over the past 30 days. This accumulation occurred in three distinct phases, notably when Bitcoin was around $66,000, $70,000, and $80,000.

At the same time, whale addresses holding more than 10,000 BTC began large-scale accumulation starting from the $66,000 level, with their 30-day balance peaking at an increase of 140,699 BTC. This marks the largest net growth in nearly two years, exhibiting clear signs of position building.

Analysis suggests that the investors still actively participating in Bitcoin trading within the current market have mostly experienced multiple market cycles. The significant inflow of whale capital also indicates that the market is moving in the direction of least resistance.