Glassnode reports that the average Bitcoin supply per whale (holders of 100â10,000 BTC) has dropped to around 488 BTC per whale, a level last seen in December 2018. ð
In my view, this is an important signal for the market. On one hand, it could indicate that large holders are taking profits after recent highs. On the other hand, it may reflect a liquidity redistribution toward smaller investors and institutions, especially with growing ETF inflows.
If whale holdings continue to decline, weâre likely looking at two possible scenarios:
1. Bullish ð¢ â broader BTC distribution could reduce volatility and strengthen the marketâs foundation.
2. Bearish ðŽ â if this trend signals active profit-taking, we might see more selling pressure ahead.
Personally, I lean toward this being a redistribution phase, not a sign of capitulation â but holding $100K support remains crucial to avoid deeper corrections.
#Jucoin #Bitcoin #Glassnode #BitcoinETF
Lee JuCom
2025-09-06 09:00
Glassnode reports that the average Bitcoin supply per whale!ð³ð³
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