Crypto Whales Are Hoarding Again and Retail Folks Are Bailing—Should You Panic?

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If you’ve ever wondered how it feels to be the last one at a party where everyone cooler has left (taking the snacks with them), let me introduce you to the current state of Bitcoin. At $105,000—a number I’d like to see on my tax refund, thank you very much—something bizarre is happening. The whales and sharks (imagine institutional investors in tuxedos, but with fins) are swimming around, gobbling up coins like it’s bottomless shrimp night at Red Lobster. In just ten days, 231 more addresses now have the Bitcoin equivalent of enough to start their own questionable country. That’s a +0.15% increase, which—while not earth-shattering—does beat the interest on my checking account. 🦈

These large holders, the types who probably know things the rest of us only read about after the fact, have decided Bitcoin is cute again. Meanwhile, the rest of us “retail” folks (fun fact: the term makes us sound like discount jeans, and I love that for us) have been quietly ghosting the market to the tune of 37,465 fewer addresses with 0.001 to 10 BTC. That’s a -0.16% drop, but who’s counting? Apparently, someone with a calculator and a lot of time on their hands. 🤓

What does this mean, besides another reason to side-eye my Coinbase app? The usual suspects: retail panic, too much sideways price movement, and “geopolitical unpredictability,” which sounds both ominous and like something your uncle brings up to justify buying canned beans. When the whales buy up coins and us regular folks skedaddle, supply gets squeezed tighter than last year’s jeans after Thanksgiving. If new money comes in? Say hello to roller-coaster price surges—hold onto your monocle. 🎢

Is Bitcoin about to go “to the moon,” as everyone on Twitter shouts at least once daily? Well, the chart looks about as inspiring as a loaf of bread—flat with a hint of triangle. There’s strong support in the $104,000-$103,000 range, which is great if you’re into oddly specific numbers. Should the price break above the $108,000 line, things might get spicy again and all those all-time-high tweets will return, which is obviously the best part of a bull market.

Let’s not ignore the $104,300-$103,900 range, which, despite sounding like the world’s slowest game of bingo, is *technically* the Grand Central Station for Bitcoin activity. Staying above it could mean we avoid the financial version of stepping on a LEGO in the middle of the night—painful, but character building.

So, will Bitcoin hit a new all-time high? The whales have pulled up their seats. The retail crowd, not so much. If that feels like a sign, you’re not alone. But then again, I once thought Beanie Babies were a good investment, so what do I know? 🐋🚀

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2025-06-20 12:10