Bitcoin Sharks & Whales Unfazed By Sub-$60,000 Crash, Data Reveals
Summary
Bitcoin sharks and whales have increased their holdings, according to on-chain data from Santiment. The "Supply Distribution" metric indicates that these large investors, holding between 10 and 10,000 BTC, have accumulated approximately 133,300 tokens over the past month. This trend continues despite a recent price decline, suggesting that these influential entities remain confident in Bitcoin's value. The tokens acquired by sharks and whales appear to have come from smaller investors selling their holdings. Currently, Bitcoin is trading at around $60,100, reflecting a 2% decrease over the past week. Monitoring the Supply Distribution remains crucial, as a reversal could signal a potential bearish trend if key holders begin to sell.
