According to a recent on-chain study, the Bitcoin market has entered another crucial phase, driven by a growing divergence between retail and whale activity.

Whale Positioning Diverges Sharply From Retail Optimism

In an X post on May 16, crypto analyst Joao Wedson highlights a clear schism between Bitcoin retail and whale activity. This post’s assertion is based on readings obtained from the Bitcoin: Whale Vs Retail Delta metric. For context, the metric monitors the difference in trading behavior between large Bitcoin holders (whales) and retail traders. By extension, it helps in identifying whether smart money is becoming more bullish or bearish, compared to the bias of Bitcoin’s smaller market participants.

Bitcoin’s Whale vs…