Bitcoin has retested the $65,000 level as onchain data from CryptoQuant reveals a major divergence between large holders and smaller investors. Whales, holding wallets with 1,000 to 10,000 BTC, have accumulated approximately 66,700 BTC over the past 60 days, marking the highest accumulation level since February. Meanwhile, mid-sized holders with wallets between 100 and 1,000 BTC have sold approximately 77,800 BTC during the same period. This dynamic suggests that large whales are absorbing the available supply rather than the market being flooded with Bitcoin.
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