Bitcoin Back Under $111,000 As Key Holders Shed 17,500 BTC

On-chain data shows key investors on the Bitcoin network have collectively participated in some selling recently, a potential reason behind the asset’s ￰0￱ Sharks & Whales Have Done Some Net Distribution According to data from on-chain analytics firm Santiment, Bitcoin’s key investor tier is starting to show signs of slight ￰1￱ indicator of interest here is the “Supply Distribution,” which measures the total amount of the supply that investors belonging to a particular wallet segment are currently ￰2￱ Reading: Newbie Bitcoin Whales Now Control 44% Of Realized Cap, Highest Ever Addresses or holders are divided into these groups based on the number of tokens present in their ￰3￱ 1 to 10 coins cohort, for instance, includes all investors owning between 1 and 10 ￰4￱ the context of the current discussion, a broad range of 10 to 10,000 coins is of ￰5￱ converts to $1.1 million at the lower end and $1.1 billion at the upper ￰6￱ this scale, the range would naturally cover some of the key Bitcoin investor cohorts like the sharks and ￰7￱ is the chart shared by Santiment that shows the trend in the Supply Distribution for the range over the last few ￰8￱ displayed in the above graph, the Bitcoin supply held by the 10 to 10,000 coins group saw a drop of 17,554 BTC (about $1.9 billion) between October 12th and ￰9￱ this decline, the metric had been in an uptrend since late ￰10￱ cryptocurrency’s recovery attempt has fizzled out since this selloff occurred, so it would appear possible that the profit-taking from the sharks and whales could, in part, be behind the bearish ￰11￱ a more long-term scale, though, this latest distribution spree from the key investors isn’t too significant, as their wallets have still grown since the start of 2025 by 318,610 BTC, worth a whopping $35.5 billion.

A similar light profit-taking event took place in late August, following which the sharks and whales quickly corrected course and resumed ￰12￱ buying then supported BTC’s bullish ￰13￱ balance is just one way to classify ￰14￱ popular methodology in on-chain analysis is using holding time to separate investors between short-term holders (STHs) and long-term holders (LTHs). The cutoff between the two cohorts is 155 ￰15￱ Reading: Bitcoin Retests STH Cost Basis Again: Is This Where Support Flips? The STHs may be considered to represent the fickle-minded side of the market, while the LTHs are resolute diamond ￰16￱ HODLers have been selling recently, however, as CryptoQuant community analyst Maartunn has shared in an X post.

A net 265,715 BTC has exited the wallets of the Bitcoin LTHs over the past 30 days, which is the largest monthly outflow since early ￰17￱ Price Bitcoin has been unable to keep any recovery run going as its price is still trading around $111,000. Featured image from Dall-E, CryptoQuant. com, Santiment. net, chart from ￰18￱