According to data from Glassnode, Bitcoin's biggest players, known as "whales," are increasing their holdings despite others selling. Glassnode defines "whales" as individuals or entities with over 10,000 BTC. The Bitcoin Accumulation Trend Score shows a contrast between whales accumulating and other cohorts experiencing heavy distribution, suggesting possible underlying market dynamics. Additionally, significant Bitcoin whales are retreating from crypto exchanges, possibly retaining their assets or moving them to other investments or private wallets. These dynamics may indicate a shift in the cryptocurrency market, requiring careful analysis and risk management by market participants.
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