Retail investors increased their Bitcoin purchases, while whales reduced their sales.

Small and medium-sized holders of the world's leading cryptocurrency have accelerated their accumulation of coins following the recent market correction. Large investors, however, have reduced their sales, according to Glassnode.

Analysts have recorded intense accumulation among investors with balances between 1 and 1,000 BTC. They believe this indicates growing confidence among retail and mid-market players.

Large holders—those with over 1,000 BTC—have eased their pressure on the market. Their selling rate has slowed significantly.

According to Glassnode experts, this behavior by market participants indicates renewed confidence in the asset after the recent “shakeup.”

Miners and Binance

Since October 9, miners have transferred 51,000 BTC worth more than $5.7 billion to the Binance exchange, according to CryptoQuant analysts.

Binance Data Indicates That Since October 9, Miners Have Deposited a Total of 51K Bitcoin

“The deposit of 51,000 Bitcoins within seven days represents a clear shift in miner behavior from holding to selling or liquidating.” – By @ArabxChain pic.twitter.com/qSN6WGK5bu

— CryptoQuant.com (@cryptoquant_com) October 16, 2025

The peak occurred on October 11th. On that day, over 14,000 BTC were received on the platform—the highest daily volume since July of last year.

Experts believe such deposits may indicate a shift in strategy—from holding assets to selling or hedging. This typically puts downward pressure on the price, as mining companies have historically been among the largest holders of Bitcoin.

CryptoQuant added that transfers can also be caused by other reasons. Sometimes, these are simply technical transfers between wallets for operational or regulatory reasons.

Despite increased supply from miners, the price of Bitcoin continued to rise. Analysts suggested that demand from institutional investors or ETFs offset the additional selling pressure.

As a reminder, analysts attributed the 12% drop from the recent historical maximum to sales by large holders.