Glassnode data shows widespread bitcoin selling as prices dip below $67,000, with smaller investors driving most of the activity while larger holders remain largely neutral.
The platform’s 30-day Accumulation Trend Score, which tracks whether wallets are accumulating or distributing coins, indicates that retail investors are leading the sell-off. Scores near 1 reflect accumulation, particularly by bigger holders, while scores close to 0 signal distribution or minimal buying.
Currently, wallets holding under 1 BTC have a score of 0.11, and those with 1–10 BTC are even lower at 0.05, highlighting significant selling from retail participants. In contrast, whales with 1,000–10,000 BTC show a neutral score around 0.5, suggesting they are waiting on the sidelines.
The largest holders, with over 10,000 BTC, are showing mild distribution, far below the levels seen when bitcoin traded above $90,000 last year. Wallets with 100–1,000 BTC are also distributing, though to a lesser extent.
Since early February, when bitcoin briefly approached $60,000, accumulation has remained muted. The current trend points to retail capitulation, while larger players remain cautious, waiting for clearer market direction.
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