🚨BIG PLAYERS WERE BUYING WHILE SMALLER HOLDERS WERE SELLING

During the November-December bottoming phase, Bitcoin showed a clear split in behavior.

Large wallets were accumulating.
Smaller wallets were distributing.

This means strong hands were quietly building positions while weak hands were giving up.

That is usually what real bottoms look like.

When price was falling and sentiment was negative, big holders were not panicking. They were absorbing supply.

At the same time, part of this activity also came from exchange wallet reshuffling. Coins were being moved between internal wallets, which often hides real accumulation inside the data.

But even after accounting for that, large entities were still net buyers.

This creates an important message: Smart money was positioning early, while retail was reacting late.

Markets don’t turn when everyone feels confident. They turn when the strongest buyers step in quietly and take liquidity from sellers.

This divergence between whales and smaller cohorts is often seen before strong trend reversals.

It doesn’t mean price must go up immediately. But it does mean ownership is shifting toward players with longer time horizons and deeper conviction.