[Bitcoin Falls Below $86,000, Whales Slow Accumulation While Retail Investors Accelerate Buying] On Monday morning, Bitcoin's price sharply fell below $86,000. On-chain data shows that the accumulation pace of long-term holders and large wallets has significantly slowed, while small wallets holding less than 1 Bitcoin accelerated their buying during the price drop. BRN's Head of Research, Timothy Misir, stated that the weakening buying power of whales and the increased accumulation by retail investors is a typical characteristic of late-cycle behavior, which could exacerbate short-term market vulnerabilities. He noted that this morning's sell-off reflects liquidity and position adjustments, with no signal of a trend reversal in the market, though signs of pressure have emerged. Meanwhile, exchange balances and stablecoin inflows indicate the market has buying power and potential seller liquidity.