Large Bitcoin Holders Supply Hits 9-Month Low

A report from Cointelegraph says crypto sentiment platform Santiment posted to X that “whale and shark wallets” holding between 10 and 10,000 Bitcoin have fallen to a nine-month low, collectively accounting for about 68.04% of the entire Bitcoin supply. Santiment said this included a dump of -81,068 BTC in just the past 8 days as Bitcoin fell from around $90,000 to $65,000 over the same period, a roughly 27% decline, according to CoinMarketCap.

Bitcoin was trading at $64,792 at the time of publication, up from a 24‑hour low of just over $60,000. CryptoQuant CEO Ki Young Ju posted to X that “every Bitcoin analyst is now bearish,” and the Crypto Fear & Greed Index dropped to a score of 9 out of 100, its lowest since mid‑2022.

Santiment noted that retail accumulation is rising too: “shrimp wallets” holding less than 0.1 BTC have reached a 20‑month high and now account for 0.249% of supply, roughly 52,290 BTC. Santiment warned that the combination of key stakeholders selling and retail buying is historically associated with bear cycles.