Whales Reduce BTC Holdings

According to the analytics platform Santiment, the share of large Bitcoin holders has dropped to a 9-month low amid a price decline from approximately $90 000 to approximately $65 000. During this period, more than 81,000 BTC have left their addresses.

At the same time, the number of small holders is increasing and is already at a nearly two-year high. Historically, such a shift in market structure often coincides with periods of increased tension and prolonged correction.