The Bitcoin Market is Splitting in Two: Here’s Who is Buying and Selling Amid the War
Bitcoin’s price hovers around $70,000, a significant drop from its peak back in October 2025. The ongoing turmoil has split the market into two distinct camps: institutional buyers are aggressively accumulating, while many miners are scrambling to sell. This dichotomy raises questions about the future of Bitcoin, especially for everyday investors trying to make sense of the current landscape. Institutional demand appears to be thriving, particularly through the U.S. spot Bitcoin ETFs, which absorbed about 50,000 BTC in March alone, marking the highest uptake since October 2025. However, not all is sunshine and rainbows. While large-scale buyers like these are accumulating, mid-tier holders—those with wallets containing 100 to 1,000 BTC—have seen their accumulation rates drop over 60%. They added nearly 1 million BTC annually as of October, but that number has plummeted to just 429,000 BTC. This malaise hints at a possible shift in sentiment that could push these holders toward selling soon. ...