Santiment: Whale and Shark Addresses Sell 81,068 BTC in 8 Days, Total Holdings Hit 9-Month Low

Odaily reported that Santiment posted on X, stating that the price of Bitcoin has fallen to $60,001 for the first time since October 2024. Whale and shark addresses holding between 10 and 10,000 Bitcoins currently hold 68.04% of the total BTC supply, the lowest level in 9 months, having sold 81,068 BTC in just the past 8 days. Meanwhile, shrimp addresses holding less than 0.01 Bitcoin now account for 0.249% of the total BTC supply, a 20-month high, reflecting retail investors buying the dip. Historically, this combination of whale selling and retail buying has led to bear market cycles. Until clear signs of retail capitulation emerge, smart money will continue to sell their holdings and will not buy back until retail investors decide to exit the crypto market.