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Here’s a breakdown of each major cohort’s accumulation behavior.
The May 19th capitulation as a starting point for these numbers. Seeing very strong buying from retail, along with buying from mid-sized entities holding between 10-100 BTC; retail +37,266 BTC and octopus/shrimp adding +29,280 BTC.
As far as the big boys, dolphins and sharks have actually been slowly selling; reducing their holdings by -17,980 BTC. The number of coins this 100-1K BTC cohort was adding to their holdings at the beginning of this bull market was unprecedented. And lastly the whales with 1K-10K, adding 110,384 BTC since May 19th.
The May 19th capitulation as a starting point for these numbers. Seeing very strong buying from retail, along with buying from mid-sized entities holding between 10-100 BTC; retail +37,266 BTC and octopus/shrimp adding +29,280 BTC.
As far as the big boys, dolphins and sharks have actually been slowly selling; reducing their holdings by -17,980 BTC. The number of coins this 100-1K BTC cohort was adding to their holdings at the beginning of this bull market was unprecedented. And lastly the whales with 1K-10K, adding 110,384 BTC since May 19th.