Bitcoin Whales Keep Buying as Short-Term Traders Bleed

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.

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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.

The post Bitcoin Whales Keep Buying as Short-Term Traders Bleed appeared first on Coindoo.