Retail Investors Buck Trend, Whales Accumulate Large Amount of Bitcoin

According to a recent analysis by cryptocurrency expert Murphy, retail investors have not been shorting the current Bitcoin trend. In fact, their balance of less than 1 BTC has increased by 23,074 in the past 30 days.

This increase is significant and can be seen as a sign that these investors are accumulating more BTC rather than selling it. Murphy also highlighted three distinct accumulation phases around $66,000, $70,000, and $80,000.