Bitcoin's price recently fell to $60,001, marking its lowest point since October 2024, driven by significant sales from large investors. According to Santiment, 'whale and shark' addresses, which hold between 10 and 10,000 BTC, have reduced their holdings by 81,068 BTC over the past eight days, bringing their share of the circulating supply to a nine-month low of 68.04%.
Conversely, retail investors, represented by 'shrimp addresses' holding less than 0.01 BTC, have increased their holdings to a 20-month high of 0.249% of the supply. This trend indicates that while large investors are selling, retail buyers are purchasing Bitcoin during the price dip. Santiment suggests that this pattern of large-scale selling and retail buying often signals the onset of a bear market cycle.
Bitcoin Whales Sell 81,000 BTC as Retail Investors Buy the Dip
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