Today, crypto analyst Glassnode shared fresh metrics showing a substantial shift in Bitcoin holder activity. While whale acquisition score climbing to 0.6, small holder buying activity score has declined below 0.2. Such a trend shows significant change in market mechanisms, as big investors are expanding their accumulation activity while small investors are selling their tokens. Today, Bitcoin saw impressive rebound, showing expanded market activity, possibly fuelled by whale acquisitions and small investors’ selling activity.
Small investors panic
According to the metrics, amid the current market downturn, small token holders are displaying signs of panic. As per the data, this group’s distribution score has fallen below 0.2, suggesting that small token holders are selling their holdings at a loss.
On the other hand, whales remain optimistic about BTC’s long-term value. Whale addresses, those holding 10,000 BTC and more, have heightened their buying activity amid the current correction period. This behaviour suggests that whales are not selling their holdings despite the downward pressure on prices.
So long as these big investors embrace buying mindset, this may create a foundation of stability for the wider cryptocurrency market and decrease the possibility of further swift price falls. Nevertheless, this mechanism does not remove the likelihood of continuing price fluctuation, particularly if wider investor sentiment doesn’t get better.
Bitcoin price updates
Today, BTC is exhibiting indications of recovery, currently standing at $84,862, up 0.9% over the past 24 hours. This resurgence comes after several weeks of a declining market that made the asset unable to surpass the resistance level at $88,000 since early last month.
Despite showing resilience, the asset faces substantial challenges triggered by inflation and global trade tensions. Especially, panic revolving around US trade tariffs could make investors nervous to hold risky assets like Bitcoin and other crypto.
While small investor sentiment sways, whales, especially institutions, have maintained constant interest in BTC. The asset is currently trading within the resistance zone of $84k and $85k, displaying positive momentum. Traders are keenly observing if the asset can surpass $86,000, which could create a way for movement toward $88k. The incapability to move above the $84k – $85k resistance zone could trigger a fall to the $83k support level, with more support between $81k and $80k.
