All Bitcoin Wallets Turn Net Sellers Amid Whales’ Increased Selling

Glassnode data indicates that all bitcoin wallet cohorts, from those holding under 1 BTC to whales with over 10,000 BTC, have shifted back into distribution mode, signaling widespread net selling. This comes after last week’s rally, when some large holders—particularly the 10–100 BTC and 1,000–10,000 BTC groups—were net buyers.

The Accumulation Trend Score, which measures wallet behavior over the past 15 days while excluding exchanges, miners, and similar entities, shows scores near 0 across all cohorts, indicating selling. Scores closer to 1 would suggest accumulation.

Regionally, Asia continues to drive bitcoin gains, pushing prices from $115,000 over the weekend to around $117,000 in recent trading. European markets have remained weaker, with BTC down more than 10% over the past three months and pullbacks dominating Monday’s session.

Overall, the market remains in consolidation, a pattern likely to persist through September. The $107,000 level, set at the month’s start, continues to represent key support.