Bitcoin whales, defined as wallets holding more than 10,000 BTC, accumulated a net 46,420 BTC over the past 60 days, worth approximately $2.9 billion. Retail investors with wallets between 0.1 and 1 BTC sold nearly 10,000 BTC during the same period, creating the sharpest whale-retail divergence of 2026. Bitcoin traded sideways during this accumulation phase, recovering toward the $65K level amid market sentiment firmly in fear territory. H100 group disclosed a purchase of 2,455.37 BTC in August 2026, underscoring sustained institutional appetite. Buying pressure appears concentrated on Asian and international exchanges like Binance rather than US-based buyers, as indicated by the negative Coinbase premium.
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