1 million BTC sell-off vs. Shark's largest accumulation in 13 years: Is it a sign of a market top or a transition period in the bull market?

Question

【CoinPush】On-chain data shows that the selling volume of long-term Bitcoin holders in the past 30 days has hit a record high—nearly 1 million BTC sold. This large-scale sell-off looks fierce, but it is actually quite common, usually occurring in the late stage of a bull market when early large holders start to realize profits.

Interestingly, during the same period, “Bitcoin Sharks” (whale addresses) were engaging in reverse operations. These addresses net bought 269,822 BTC, the largest single accumulation in the past 13 years.

The combination of these two phenomena is quite intriguing—old funds are orderly exiting, while new funds are actively entering. This “relay race” phenomenon is often not a top signal in history; instead, it indicates that the market has entered a phase of turnover in the bull market. Simply put, the dominance is shifting, but the market still has room to run. Subsequent market volatility is expected to increase as the balance of power between old and new funds rebalances.

ForkInTheRoad · Accepted Answer

Old seasoned investors run away, sharks take over, this is the flavor of a bull market

Millions of BTC fleeing doesn't scare me; whale accumulation signals real confidence

Is the turnover period still the peak? Anyway, I'm just eating meat with the sharks

Old and new funds fighting each other, only with volatility can there be profit space, just waiting for the good show

This rhythm... feels like sharks are laying the groundwork for a big move

Transfer of dominance, just transfer it, anyway history tells us this is not the top

Major investors cash out, whales accumulate, is this a sign of takeoff?

Seemingly fierce selling, but it turns out sharks are bottom fishing, this contrast is incredible

The most dangerous phase is the turnover stage, but also the most exciting, who would miss it?

Millions of coins can't be sold off, indicating strong bottom support