Recent on-chain data from Glassnode reveals that retail investors, defined as addresses holding 1 BTC or less, have significantly ramped up their Bitcoin purchases in the past two months. Although this interesting trend among retail traders is very bullish for the leading cryptocurrency, it has been contrasted by a deviating trend among whale addresses, who have been offloading Bitcoin at an accelerating rate during this timeframe.

Retail Investors Accumulate Bitcoin At Record Pace

Data from on-chain analytics platform Glassnode reveals that retail investors have significantly increased their Bitcoin purchases since mid-December. On average, these smaller investors have been accumulating 10,627 BTC per day, a 72% increase compared to last year’s daily average of 6,177 BTC. 

This increase in Bitcoin accumulation contrasts with the ideal behavior of retail traders, who aren’t known for their buying behavior. For instance, Glassnode data shows that retail addresses sold massively into Bitcoin’s strength as it surged past $100,000 for the first time in November 2024.

Image From X: Glassnode

Whales Increase Bitcoin Sell-Offs At 9x Higher Rate

While retail investors are aggressively accumulating Bitcoin, the next cohort of traders (whales holding over 1,000 BTC) have been offloading Bitcoin at an accelerating rate. This trend is also relayed through data from Glassnode, which shows that these high-volume holders have sent an average of 32,509 BTC per day to exchanges since N

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Author: Scott Matherson

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