Bitcoin Falls Below $86,000 as Large Holders Slow Accumulation While Retail Wallets Accelerate Buying

Bitcoin fell below $86,000 on December 1, with on-chain data showing large holders slowed their accumulation while wallets holding less than 1 BTC accelerated purchases, BRN analyst Timothy Misir said. Long-term holders and whale wallets have notably reduced accumulation speed in recent weeks, creating what Misir described as a "typical late-cycle pattern" that intensifies short-term vulnerability. The morning liquidation event represented a liquidity and position adjustment rather than a trend reversal signal, though market stress is evident, Misir said. Short-term holders realized increased losses during the selloff, suggesting an "emotional reset," while exchange balances and stablecoin inflows indicate remaining buying power alongside potential selling pressure liquidity.