Bitcoin whales sold approximately 45,074 BTC as Bitcoin fell below $60,000, while retail investors continued buying the dip, according to new Santiment data.
Key Takeaways
•Santiment reports wallets holding between 10 and 10,000 BTC sold approximately 45,074 Bitcoin over the last eight days.
•Bitcoin briefly dropped below the $60,000 level, its lowest point since October 2024.
•Retail investors continue accumulating BTC despite large-holder selling.
•Analysts say the divergence between whale selling and retail buying has historically appeared during weaker market phases.
Bitcoin Whales Reduce Holdings
Bitcoin’s recent decline below the psychologically important $60,000 level has coincided with significant selling activity from large holders, according to blockchain analytics platform Santiment. Data shared by Santiment indicates that wallets holding between 10 and 10,000 BTC — often referred to as “whales” and “sharks” — have been reducing their exposure during the latest market downturn. The analytics firm reported that these larger holders collectively sold tens of thousands of Bitcoin within just over a week, pushing their share of the circulating supply to multi-month lows.
Retail Investors Continue Buying
While larger holders have been distributing coins, smaller investors have continued accumulating. Santiment noted that wallets holding less than 0.01 BTC have increased their share of the total Bitcoin supply, reaching one of the highest levels seen in months. This suggests retail participants are actively buying the dip despite broader market weakness. Historically, periods where retail investors aggressively buy while larger holders reduce positions have often preceded extended periods of market uncertainty, although such patterns do not guarantee future price direction.
Market Watches Key Support Levels
Traders are now closely monitoring whether Bitcoin can reclaim and hold above the $60,000 threshold. A sustained recovery could ease concerns about further downside pressure, while continued whale selling may keep volatility elevated. Market participants are also watching broader macroeconomic conditions, including interest rate expectations and risk sentiment across global financial markets
The latest Santiment data highlights a growing divide between large Bitcoin holders and retail investors. While whales continue reducing exposure, smaller investors appear willing to accumulate at lower prices. Whether this marks a temporary correction or a deeper market shift remains one of the key questions facing crypto traders in the weeks ahead.
