“Large bitcoin holders continue to offload as smaller investors accumulate, creating a stark divide in market behavior.”, — write: www.coindesk.com
Much of the recent price weakness appears linked to previously dormant coins re-entering circulation, per onchain data.
Large holders, commonly known as whales, have been the primary distributors, driving the current downward pressure on prices, according to The Accumulation Trend Score (ATS) by Glassnode.
ATS measures the relative accumulation or distribution behavior across different wallet cohorts, accounting for both the size of entities and the volume of coins they have acquired over the past 15 days.
- A value near 1 suggests that participants in that cohort are actively accumulating.
- A value near 0 indicates that they are distributing holdings.
- Exchanges, miners, and certain other entities are excluded from the calculation.
Whales holding over 10,000 BTC have been consistent sellers since August, marking three months of sustained distribution. Meanwhile, wallets in the 1,000–10,000 BTC range remain neutral around a score of 0.5, while all smaller cohorts (below 1,000 BTC) are firmly in accumulation mode, according to Glassnode data.
While in the first four months of the year, all cohorts were in deep distribution, which contributed to bitcoin’s 30% decline to $76,000 in April during the so-called tariff tantrum.
This data highlights a clear divide between whales and the rest of the market participants and for now, it appears the whales are still steering the price action.
A deep dive into Zcash’s zero-knowledge architecture, shielded transaction growth, and its path to becoming encrypted Bitcoin at scale.
- Shielded adoption surgedwith 20–25% of circulating ZEC now held in encrypted addresses and 30% of transactions involving the shielded pool.
- The Zashi wallet made shielded transfers the default, pushing privacy from optional to standard practice.
- Project Tachyonled by Sean Bowe, aims to boost throughput to thousands of private transactions per second.
- Zcash surpassed Monero in market share, becoming the largest privacy-focused cryptocurrency by capitalization.
View Full Report
XRP’s price action shows strong institutional interest, with significant volume increases and new wallet creations.
- XRP surged 3.6% to $2.31, breaking key resistance at $2.28, driven by ETF momentum and network growth.
- Canary Capital Group’s amended prospectus for its proposed XRP ETF moves closer to potential SEC approval.
- XRP’s price action shows strong institutional interest, with significant volume increases and new wallet creations.
Read full story