Bitcoin Supply Held by Whales Reaches Lowest Point in 9 Months

Recent trends show large Bitcoin investors reducing their holdings, while retail investors increase theirs, signaling potential bear market conditions.

According to insights from Santiment, the quantity of Bitcoin owned by significant holders has dipped to its lowest level in nine months. This recent trend showcases a concerning pattern where large investors are liquidating their assets, while retail participants are actively purchasing Bitcoin.

Historically, such behavior among prominent Bitcoin holders has been linked to the onset of bear market cycles. As large investors, often referred to as 'whales,' offload their stakes, smaller investors tend to accumulate more Bitcoin, which may indicate a shift in market sentiment.