BTC Price: Major Holders Accumulate as Retail Sells Amid $78K Correction

Bitcoin has retreated to $78,000 after hitting its three-month peak of $81,500 earlier in the week. Despite the correction, the cryptocurrency still boasts a 31% gain since its August 1 price point of $62,229.

The sentiment among major holders remains unchanged as blockchain analytics reveal that substantial BTC quantities have been steadily increasing their positions throughout the rally. Smaller addresses holding between 0.1 and 1 BTC recorded an Accumulation Trend Score of -0.982, indicating persistent selling pressure from this cohort.

This divergence typically signals a transfer of holdings from speculative traders to conviction-based investors. Large holders are building positions as smaller wallets continue to sell, driving the price towards key support zones.

According to Galaxy Research, dormant Bitcoin movements during Q2 2026 reached their lowest point since 2022. The trajectory for the complete year suggests dormant activity will register less than 50% of the volume observed throughout 2025.

Coinbase's CEO Brian Armstrong believes BTC stands a strong chance of reaching $100,000 before year-end, echoing sentiments from Binance founder Changpeng Zhao that Bitcoin could eventually surpass gold's aggregate market capitalization.