Wallets Holding 1–10 and 10–100 BTC Ramp Up Selling as Bitcoin Holds Near $70,000

On-chain analysis shows a marked shift toward selling across multiple Bitcoin wallet cohorts, with Glassnode’s accumulation metrics indicating intensified distribution and differing score readings across outlets.

“Bitcoin selling intensifies across all wallet sizes despite price holding near $70,000 Glassnode’s Accumulation Trend Score drops to 0”

CoinDesk

CryptoRank reports “Glassnode’s Accumulation Trend Score of 0.4 indicates that selling pressure is intensifying across the Bitcoin network,” describing a network-wide move toward selling, while CoinDesk states the metric “drops to 0.04,” a much lower reading that also signals deep net distribution across the network; both outlets attribute the shift to broad-based selling despite minor numerical differences in the score reported.

CoinDesk

Retail and smaller holders are leading the distribution: both sources identify wallets holding between 1–10 BTC and 10–100 BTC as the primary sellers.

CryptoRank notes that “wallets holding between one and 10 BTC... are showing the strongest selling pressure,” and it adds that mid-sized wallets (10–100 BTC) are also participating; CoinDesk likewise reports “Wallets holding 1–10 BTC and 10–100 BTC are in heavy distribution,” emphasizing that retail and small institutional cohorts are driving the current selling wave.

CryptoRank

Larger holders, including addresses with 1,000+ BTC, are also selling but with notably less intensity, according to both reports.

“Bitcoin selling intensifies across all wallet sizes despite price holding near $70,000 Glassnode’s Accumulation Trend Score drops to 0”

CoinDesk

CryptoRank states “addresses holding over 1,000 BTC are showing a net selling trend... the intensity of selling among these whale wallets remains relatively lower compared to retail,” while CoinDesk similarly notes that “Even larger participants are not immune to the trend... wallets holding 1,000 BTC or more are also net sellers, though the intensity of their selling is less severe.”

This pattern suggests smaller holders are reacting faster to market and macro signals than whales.

Analysts link the selling to broader geopolitical and macro uncertainty, with both sources pointing to tensions in the Middle East as a factor.

CryptoRank says “Geopolitical tensions in the Middle East are creating uncertainty across financial markets, including cryptocurrencies,” and CoinDesk notes bitcoin is “outperforming stocks and gold since the Iran war began,” implying the conflict has affected investor behaviour and market correlation amid risk reassessment.

CryptoRank

Despite broad selling pressure, bitcoin has shown price resilience around the $70,000 level, and analysts disagree on how to interpret the distribution — as profit-taking or the start of a larger correction.

“Bitcoin selling intensifies across all wallet sizes despite price holding near $70,000 Glassnode’s Accumulation Trend Score drops to 0”

CoinDesk

CoinDesk observes that “bitcoin continues to hold in the $70,000 area,” and CryptoRank highlights historical patterns where “periods of retail-led selling pressure have sometimes marked local market tops before corrections, while other cases have represented healthy profit-taking,” leaving the near-term trajectory ambiguous and dependent on evolving macro and on-chain signals.

CoinDesk