Bitcoin slips below $76,449 support as whales accumulate, retail investors reduce exposure

Bitcoin is facing renewed selling pressure after its recent surge toward $81,500, as recent data indicates smaller holders are reducing their exposure while large Bitcoin wallets continue accumulating the asset.

Major divergence between retail and whale investors

Recent on-chain data shows a clear divide between retail and whale investors in the Bitcoin market. Data cited by crypto analyst Ali Charts points out that Bitcoin’s price climbed approximately 31% in its latest rally, moving from $62,229 to about $81,500 within a short period. However, wallets with balances between 0.1 and 1 BTC posted an Accumulation Trend Score of -0.982, which suggests these holders have been distributing, not accumulating, Bitcoin during this period.

In contrast, holders with at least 100 BTC have been actively accumulating, according to the same analysis. Wallets holding more than 10,000 BTC increased their balances by 46,420 BTC over the past 60 days, highlighting clear institutional and whale support in the market.

Wallets containing over 10,000 BTC added 46,420 BTC to their holdings in the last 60 days, pointing to persistent accumulation among large-cap investors even as smaller holders scale back their exposure.