Bitcoin Falls Below $111,000 as Whales Sell 17,554 BTC

Recent on-chain data indicates that significant Bitcoin investors, such as sharks and whales, have been selling assets, potentially contributing to Bitcoin's recent price decline.

Key Points

Investor Activity: The "Supply Distribution" metric shows a decrease of 17,554 BTC (about $1.9 billion) held by addresses with 10 to 10,000 BTC from October 12th to 14th.
Market Impact: This sell-off coincided with Bitcoin's failed recovery attempt, suggesting the profit-taking may have contributed to bearish market behavior.
Long-term View: Despite short-term distribution, these key investor wallets have increased by 318,610 BTC ($35.5 billion) since early 2025.
Historical Context: A similar event occurred in late August, followed by resumed accumulation and bullish trends.
Holder Dynamics: Long-term holders (LTHs), known for holding through market fluctuations, have seen a net outflow of 265,715 BTC over the past 30 days, marking the largest outflow since January.

Current BTC Price

Bitcoin is trading around $111,000, struggling to maintain any recovery momentum.