Bitcoin’s major holders halt buys as demand slows: CryptoQuant
CryptoQuant says that the holding structure for large Bitcoin holders is deteriorating, a trend that has historically preceded “sustained price weakness.”...
Key takeaways
- 1Large Bitcoin whale holders (1,000-10,000 BTC) show negative annual balance growth, fastest contraction this year.
- 2Roughly 40% of Bitcoin supply is currently held at a loss at $73,700 price levels.
- 3Long-term holder supply reached record 15.8 million BTC, signaling absence of new market entrants and potential sustained price weakness.
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Why it matters
Deteriorating accumulation by major holders historically precedes sustained price declines, signaling weakening structural demand support. For Indian retail investors, this suggests heightened volatility and downside risk in Bitcoin holdings during the current bear market cycle.
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