I’ve found this Glassnode data over the last couple of weeks and it is showing that the market trend is changing.
The number of wallets holding 100+ BTC is steadily climbing, but the real story is in the mid-to-large tier. Wallets holding between 10 and 10,000 BTC have accumulated roughly 41,000 BTC in just the last fourteen days. That is a massive amount of supply being pulled off the market in a very short window.
What makes this timing interesting is that we got back above the $78,100 level. This is the first time we’ve cleared that specific level since January, and seeing whales buy the breakout suggests they don't think this is just a fakeout. When the big players accumulate during a reclaim of a major mean, it usually signals that the local bottom is in and they’re positioning for the next leg up.