Bitcoin Sharks Feasting in the Wild West 🐟⚡

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Let me tell you, folks, Bitcoin (BTC) has fallen from its mountain high of $126,200, nuzzling just above the $85,000 embrace with some concerns singing lullabies about a tumble toward the $70,000 shadowland. But here’s the curious bit, as old as a Johnny Appleseed tale: Institutions and the gilded folks are still snatching up those cryptic coins like they’re running out of time.

Key takeaways (the ones that might save your farm):

  • Bitcoin sharks, like a gripe of coyotes howling in the cold, have been snarling BTC at speeds that make our 2012 hearts flutter, signaling a hungry appetite for the dips.
  • Yet, the ancient whales and OG diggers are flipping coins like they’re playing poker at a back-alley shakedown, capping hopes and leaving us wondering if they’re playing cat and mouse with these folks.

Bitcoin Chart

Mid-sized Bitcoin traders add 54,000 BTC in a week

These Bitcoin “sharks,” bold enough to hold anywhere between 100 to a thousand fish in their digital jaws, have swelled their ranks from around 3.521 million BTC to about 3.575 million BTC in a mere seven days, outdoing the little fish by taking 54,000 BTC, if you can believe it, according to the wise ones over at Glassnode.

Bitcoin Accumulation

The pace of their twitchy jaws snapping shut has been akin to the thumping hooves of one of 2012’s galloping cattle drives, even as the price took a tumble akin to a steep hill on a rainy day. This suggests there’s more than a glimmer of, dare I say, bullishness among the gilded crowd.

Back in 2012, when Bitcoin was still a wide-eyed calf, a surge like this heralded one of the biggest barn dances, sending BTC on a climb from $10 to $100-no kidding, about a 900% jump. And before that in 2011, when the digital bovine was just a calf in its mother’s coat, it went from less than $3 to over $14.

Historical Bitcoin Growth

History, she’s a funny gal, always coming to repeat herself. If she keeps her calendar straight, we might just see a repeat of this spectacular jamboree.

Bitcoin faces sell pressure from long-term holders

Those whales who’ve held onto more than 10,000 BTC each have been flapping their tails and spewing coins like a waterfall since the past couple of months, making it clear that our shark friends’ appetite may not be enough to keep the scales tipped.

Whale Sell-off

This has got Capriole Investments’ Charles Edwards scratching his head, noting it’s kinda like a record-breaking slogging race where the young bucks are sprinting, but the elders have been lugging a hefty bag of gold-only to drop a little here and there, leaving the track dusty with coins.

“While institutional buying on Coinbase has reached heights not even the tallest redwoods have seen (Z-score 15.7), it is being munched away by ‘OG’ whales and long-term holders, who have been letting go at a pace we haven’t seen in many a moon (Hodler Growth Rate at 0.6th percentile),” wrote Edwards in a post that could have been set at a moonlit campfire.

Bitcoin Distribution

It might be this tale-with the seasoned coins making their final exits-that gates up the price from reaching for the sky until the last coin is accounted for. And as if to add another nail to the coffin, vetted trader Peter Brandt flags that the recent break beneath its starry support line might’ve spelled a plummet of 80%. Imagine that, BTC scurrying down to somewhere around $25,000 if the old stories shuffle back onto stage.

Bitcoin Price Fractals

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2025-12-16 11:25