Despite the recent choppy action in the crypto market, large Bitcoin holders have been quietly accumulating.
Since late March, wallets holding between 10 and 10,000 BTC have added over 53,000 coins, now accounting for nearly 68% of the total supply. This steady accumulation suggests that big-money players are unfazed by short-term noise and continue to signal long-term conviction.
While these heavyweight investors are doubling down, short-term holders are feeling the heat. Data from Glassnode shows that recent buyers are now sitting on significant losses—conditions that resemble the early stages of previous bear cycles.
In contrast, long-term holders remain largely in the green, having weathered far worse in past corrections.
Interestingly, some early buyers have now transitioned into long-term holding status, a shift that has historically signaled deeper market cooling. Still, analysts aren’t ready to call this a full-blown bear market just yet.
The current environment remains uncertain, and while long-term conviction is strong, the overall direction of Bitcoin remains in flux.
What’s clear is that whales are repositioning, and that shift could become a defining factor for where the market heads next.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/bitcoin-whales-keep-buying-as-short-term-traders-bleed/