ChainCatcher report: Cryptocurrency analyst Murphy stated that data shows retail investors have not largely missed out on this Bitcoin rally. He noted that addresses holding less than 1 BTC increased their balances by 23,074 BTC over the past 30 days, with clear accumulation occurring near $66,000, $70,000, and $80,000. Murphy believes that retail participants still active in the Bitcoin market during this cycle are mostly seasoned traders who have previously experienced altcoin and derivatives cycles. Meanwhile, whales holding over 10,000 BTC began significant accumulation near $66,000, with their 30-day balance peaking at an increase of 140,699 BTC—the largest net gain in nearly two years—indicating clear accumulation behavior. Murphy noted that markets always move in the direction of least resistance; when downward resistance is stronger, prices naturally tend to continue rising until encountering stronger resistance.
Retail Investors Are Not Missing the Bitcoin Rally; Whales Accumulate Near $66,000
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Summary
Retail investors are joining the Bitcoin market rally, with small addresses adding 23,074 BTC over 30 days. Accumulation hotspots are at $66,000, $70,000, and $80,000. The BTC price near $66,000 triggered whale buying, as large holders added 140,699 BTC—the largest net increase in two years.
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