Just noticed something interesting in the wallet data. Retail investors (those holding under 0.1 BTC) have been accumulating and hit their highest share since mid-2024, but here's the thing - the largest bitcoin holders are actually moving the opposite direction. The whales and sharks with 10k to 10k BTC dropped their positions by 0.8% since October. So we've got retail buying the dip while the biggest players are distributing. That's a recipe for choppy, weak rallies. Bitcoin needs those largest bitcoin holders to stop selling into every bounce, otherwise retail demand alone won't sustain any real move. The data from mid-February showed some genuine accumulation happening across different wallet sizes, but looking at the broader picture, the largest bitcoin holders' net positioning is still negative since October. Basically, the shrimps are doing their job. We're just waiting to see if the whales will actually step in and provide real structural support for the next leg up.

BTC-2,8%
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