Large Bitcoin holders’ share of supply hits 9-month low amid price drop

The concentration of Bitcoin supply held by large entities—often defined as ‘whales’—has reached its lowest point in nine months, according to recent on-chain data. This notable reduction in whale dominance is directly correlated with the sustained price decline observed across the cryptocurrency market over the past few weeks.

Analytics indicate that wallets holding 1,000 or more BTC are significantly decreasing their percentage of the total circulating supply. This trend suggests either substantial large-scale profit-taking by institutional players following earlier accumulation phases, or a broader risk-off sentiment causing major investors to reduce their market exposure.

Market experts view this dispersal as a contributing factor to current bearish pressure. The selling activity by major holders introduces significant supply volume back into the open market, often outpacing buyer demand and leading to price depreciation. While a wider distribution of BTC is generally viewed positively for network decentralization, the immediate market impact is heightened volatility and downward price pressure. Observers are now keenly watching whether this supply redistribution will stabilize, or if whales will begin re-accumulating at lower price levels, potentially signaling a local bottom.

Source: Large Bitcoin holders’ share of supply hits 9-month low amid price drop