Wallets holding 0.1–1 $BTC just pushed to a 15-month high. Since the October ATH, they’ve added about 1.05%. That’s steady, consistent accumulation. Not aggressive. Just disciplined dip buying.

Meanwhile, the 1–10 BTC cohort is sitting near a 38-month low.

That tells a different story.

Smaller holders are leaning in. The slightly larger mid-tier group isn’t. They’re either distributing, consolidating into larger wallets, or simply staying inactive.

This kind of divergence matters. Retail-sized participants tend to accumulate gradually during uncertainty. Mid-sized wallets often react more to momentum and liquidity conditions.

It doesn’t signal an immediate breakout. But it does show underlying demand isn’t gone. Coins are still being absorbed on weakness.

The question is whether that smaller-wallet bid is strong enough to offset any continued distribution from larger cohorts.

For now, it looks like quiet accumulation on one side… hesitation on the other.

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