🧐 What's been behind the Bitcoin crash that has seen prices fall to as low as $60,001 for the first time since October, 2024? 🐳 Whale and shark wallets holding 10-10K Bitcoin now hold a 9-month low 68.04% of the entire BTC supply. This includes a dump of -81,068 BTC in just the past 8 days alone. 🦐 Meanwhile, shrimp wallets holding less than 0.01 Bitcoin now hold a 20-month high of 0.249% of the entire BTC supply. Yes, this doesn't sound like much, but this small wallet accumulation is a reflection of retail's refusal to give up on buying dips. 📊 This combination of key stakeholders selling and retail buying is what historically creates bear cycles. Until there is a sign of clear capitulation from the crowd, smart money will continue to gladly sell off their bags and not have any urgency to buy back in until the crowd has decided to move on from crypto.(Santiment)