COINDREAM
Retail Exits, Whales Accumulate
1. Since January, Bitcoin whales have continued to accumulate aggressively despite short-term volatility and corrective phases, while retail investors have exited and whale buying pressure has remained intact. 2. Even after the escalation of geopolitical risks, whale holdings on a monthly basis have not declined but instead continued to increase, indicating that the current phase is structural accumulation rather than distribution. - Conclusion The market has shaken, but whale conviction has not.