Retail Investors Avoid Shorting Bitcoin Rally as Whales Accumulate Large Amounts

A cryptocurrency analyst has published an analysis suggesting that retail investors have not participated in short-selling the current Bitcoin trend.

The analysis reveals that addresses holding less than 1 BTC saw a balance increase of 23,074 BTC in the past 30 days, indicating accumulation behavior.

However, the largest net growth in nearly two years has been seen among whales holding over 10,000 BTC, with a peak balance increase of 140,699 BTC in the past 30 days.

The analyst believes that most retail investors still in the market are experienced 'old players' who have navigated altcoin and contract cycles.