Santiment: Whale and shark addresses sold 81,068 BTC in 8 days, bringing total holdings to a 9-month low.

According to ME News, on February 6th (UTC+8), Santiment posted on the X platform that the price of Bitcoin has fallen to $60,001 for the first time since October 2024. Whale and shark addresses holding 10 to 10,000 Bitcoins currently hold 68.04% of the total BTC supply, a nine-month low, having sold 81,068 BTC in just the past eight days. Meanwhile, shrimp addresses holding less than 0.01 Bitcoins account for 0.249% of the total BTC supply, a 20-month high, reflecting retail buying on dips. This combination of whale selling and retail buying has historically created bear market cycles. Smart money will continue to sell its holdings until there are clear signs of retail capitulation and will not buy back until retail investors decide to leave the crypto market. (Source: ME)