Santiment: Whales and sharks addresses sell 81,068 BTC within 8 days, total holdings hit a 9-month low

SmartContractAuditor · 2026-02-06T02:00:15+00:00

Bitcoin price drops below $60,001 for the first time, with whale and shark addresses holding a new low of 68.04%, having sold 81,068 BTC over the past 8 days. Meanwhile, retail addresses holding less than 0.01 BTC reach a 20-month high, indicating retail investors are buying the dip. The combination of whale selling and retail buying could trigger a bear market, as smart money continues to sell before retail investors capitulate.

SmartContractAuditor

2026-02-06 02:00:15

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Odaily Planet Daily reports that Santiment posted on the X platform stating that Bitcoin’s price has fallen below $60,001 for the first time since October 2024. Whales and shark addresses holding between 10 and 10,000 BTC currently hold 68.04% of the total BTC supply, a nine-month low, having sold 81,068 BTC in just the past 8 days. Meanwhile, addresses holding less than 0.01 BTC account for 0.249% of the total BTC supply, reaching a 20-month high, reflecting retail investors buying the dip. This combination of whale selling and retail buying has historically led to bear market cycles. Before clear signs of retail capitulation appear, smart money will continue to sell their holdings and will not buy back until retail investors decide to exit the crypto market.

BTC4,03%

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