CandleFocus

Bitcoin Retail Investor Selling Signals Coming Pullback, but There Might be a Catch

Author: Content Editor
According to data from Glassnode, retail investors, known as "shrimps," have sold around 75,000 BTC ($7 billion) in the past month, the largest distribution from this group since bitcoin reached its all-time high in March. However, large holders, or "sharks," holding between 100 and 1,000 BTC have accumulated over 140,000 BTC. While retail exchange balances have fallen to a two-year low of less than 3 million BTC, over-the-counter desk balances have continued to rise, suggesting that larger investors may be cashing in on bitcoin's surge. The data shows a divergence between the actions of retail investors and institutional investors, making the short-term outlook uncertain.

Related News