BTC Whales Dump Holdings, Pushing All Wallet Groups Into Net Selling

Glassnode data shows that bitcoin wallet cohorts across all sizes—from under 1 BTC to over 10,000 BTC—have returned to distribution mode, signaling net selling after last week’s rally. Whale cohorts that were buying during the recent upswing, including the 10–100 BTC and 1,000–10,000 BTC groups, have flipped back to selling.

The Accumulation Trend Score, broken down by wallet size, measures accumulation strength over the past 15 days, excluding exchanges, miners, and similar entities. Scores near 1 indicate accumulation, while values closer to 0 point to distribution.

Regionally, Asia continues to drive gains, lifting bitcoin from $115,000 over the weekend to around $117,000 in the latest session. European markets, however, have remained weaker, showing pullbacks and a decline of more than 10% over the past three months.

The market remains in consolidation, a trend likely to continue through September. Current data suggest $107,000, the month’s opening level, remains the most probable support.