Bitcoin Wallet Growth Reveals Diverging Strategies Among Key Holder Groups

Wallets under 1 BTC and over 10,000 BTC increased steadily during Bitcoin's recent dip, suggesting accumulation on both ends of the spectrum.

The Trend Accumulation Score reflects the past two weeks' behavior, indicating the buying trend began before the current market stability.

Mid-sized Bitcoin holders showed mixed reactions, signaling varied levels of confidence across different investor segments.

New data from Glassnode reveals a sharp increase in the number of Bitcoin wallets holding less than 1 BTC and those with over 10,000 BTC. This rise was observed over 15 days, marking a notable trend following Bitcoin’s recent price pullback from around $117,000 to approximately $110,000 at the end of July.

The metric used to assess this activity, the "Trend Accumulation Score," smooths data across two weeks. This means it reflects recent buying behavior but not in real time. Despite the lag, the consistency in accumulation is visible, especially among the two extremes—retail users and large-scale holders.

Dense Clusters Suggest Strong Accumulation

Glassnode data indicates dense red accumulation clusters for both small and large holders. These patterns suggest steady buying through the dip rather than short-term speculation. Retail users and large entities responded similarly to the market drop, continuing to accumulate Bitcoin during the period of price weakness.

In contrast, wallets holding between 1 BTC and 100 BTC, often referred to as “sharks,” displayed less conviction. Some of these holders adjusted their exposure, while others remained unchanged. This mixed behavior suggests a lack of consensus or confidence among mid-tier investors during the same time.

Bitcoin Price Holds Tight Range

At the moment, the price of Bitcoin is less than $113,000. The market has not been very dynamic in a very wide band despite the previous decrease in prices. The stable period had the recent accumulation activity and underscores the fact that there were investors who saw a market correction as a buying opportunity.

The contrasts between the behavior of the smallest and the largest holders, on the one hand, and the indecisiveness of the mid-sized investors, on the other hand, is worth mentioning. Such an uneven performance by different categories of wallets can indicate a more general switch in market moods or market positioning.

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