Whales with over 1,000 BTC lead accumulation as retail investors exit

Investors holding over 1,000 BTC are leading the market's current buying pressure while small-scale investors are exiting, according to a Glassnode analysis reported by CoinDesk. Glassnode noted that these whales began accumulating in earnest after BTC formed a bottom near $80,000 in late November and have continued to buy even as the price trades below $90,000. Meanwhile, mega-whales holding more than 10,000 BTC, who bought aggressively in late November, have slowed their pace of accumulation but are not showing any significant selling activity. This behavior contrasts with the large-scale sell-offs seen when BTC previously reached the $100,000 level.