Bitcoin Sharks Accumulate at Fastest Pace Since 2012 as BTC Slides
Bitcoin has fallen 30% from its $126,200 peak, hovering just above the $85,000 support level and raising concerns about further declines possibly toward $70,000. Despite the downturn, onchain data shows aggressive accumulation by mid-sized holders (“sharks” with 100–1,000 BTC), who added about 54,000 BTC over the past week—marking the fastest rate since 2012, a period that preceded major rallies. Historically, such accumulation has signaled bullish momentum. However, larger holders (“whales” holding over 10,000 BTC) have contributed heavily to recent selling, offsetting institutional and shark buying. Institutional buying on platforms like Coinbase is at record highs, but it is being met with unprecedented selling by long-term holders, potentially capping price appreciation until this distribution slows. Technical analysis suggests a risk of further decline, with the possibility of BTC dropping as low as $25,000 if historical patterns repeat.
