Bitcoin Whales and Retail Accumulating in December: What the 'Blue Zone' Means for BTC Price

Source: CryptoNewsNet Original Title: Bitcoin Whales Accumulate 47,584 BTC in December After Massive Two-Month Selloff Original Link:

Market Dynamics Shift: Whales Return to Accumulation

Bitcoin’s largest holders have reversed course in December, scooping up tens of thousands of coins after a heavy stretch of selling, according to on-chain analytics data.

Data shows that wallets holding between 10 and 10,000 BTC — often labeled whales and sharks — have accumulated a net 47,584 BTC so far this month. The move follows a sustained reduction in their balances from Oct. 12 to Nov. 30, when these wallets collectively offloaded about 113,070 BTC.

The shift has pushed Bitcoin back into what analysts call a “blue zone,” where both large holders and smaller investors add to positions and prices historically move “more up than down.” This supply dynamics framework tracks holdings by big wallets against addresses with less than 0.01 BTC as a proxy for retail activity.

Historical Precedent Suggests Upside Potential

During September and early October, Bitcoin traded in a similar blue zone while whales added coins and smaller addresses bought as well. This period lined up with a steady price advance. The subsequent red zone, when large holders sold while retail kept accumulating, coincided with choppier action and downside pressure.

Now, the December rebound in whale and shark balances has arrived alongside modest price gains. Continued accumulation by these larger wallets typically supports further upside over time.

However, smaller addresses have been buying dips through the latest move. In this framework, that pattern keeps the market away from the “green zone,” where key stakeholders accumulate while retail sells — a setup that has shown the most reliable rallies.

The ideal scenario for sustained rallies would be if big wallets keep adding while the smallest holders start to reduce exposure, which would mirror the setup seen before the September and early-October advance. Currently, both groups remain in accumulation mode, with whales and sharks once again increasing their share of Bitcoin’s outstanding supply.

Bitcoin Price Action and Corporate Reserve Moves

Bitcoin spent most of November under pressure, staying below the 50 EMA and making lower highs and lows. Around November 21, it bounced back from the lows and pushed up toward $92,000. After that rebound, the price turned lower again and now trades near $89,700, just under the 50 EMA on the 4-hour chart.

Meanwhile, Strategy Inc. set aside a $1.44 billion reserve to cover dividends on preferred stock and interest on its debt. The money came from selling Class A common shares through its at-the-market program. As a result, the reserve now equals about 2.2% of the company’s enterprise value, 2.8% of its equity, and 2.4% of its Bitcoin holdings. Going forward, Strategy Inc. will use this reserve as the main source for dividend payments on its various securities.