BroadChain learned that at 01:20 on April 26, according to NewsBTC, on-chain data shows that since April 10, wallets holding between 10 and 10,000 BTC have accumulated approximately 41,000 Bitcoin, worth about $3.17 billion. During the same period, small addresses holding less than 0.1 BTC only added 46 coins, valued at around $3.56 million. The gap in holdings between whales and retail investors has significantly widened, indicating that large capital is aggressively entering the market while retail activity remains subdued.
Market sentiment has sharply shifted from "extreme pessimism" to "ultra-FOMO mode" in just three days. Bitcoin briefly touched $79,330 on Wednesday before retreating to around $77,350. Santiment notes that if whales continue buying while retail investors start taking profits, this divergence pattern is often one of the strongest signals for a long-term uptrend.
Institutional demand is also accelerating. Andre Dragosch, Head of European Research at Bitwise, stated that over the past five trading days, U.S. spot Bitcoin ETFs have net purchased 18,991 BTC, which is 9 times the newly mined supply during the same period. Despite active positioning by whales and institutions, the Crypto Fear & Greed Index still stands at 39, in the "fear" zone, indicating that most investors remain on the sidelines. Santiment believes that breaking through $80,000 will attract more traders back, but if the breakout occurs after optimism cools, the rally will be more solid.