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- Bitcoin whales sell while sharks buy near key support
Bitcoin whales sell while sharks buy near key support
Long term holders take profits and reduce supply, while mid sized sharks accumulate at high speed. Bitcoin trades near key support levels, so your risk plan needs clear entries and downside alerts.
What we will talk about today...
Long term holders cut exposure, 68,500 dollars in focus
Sharks buy the dip while OG whales sell hard

Long term holders reduce supply to eight month lows, which raises the risk of a deeper pullback.
[Supply drop]: LTH share falls to about 72 percent of supply, down from 76 percent in July.
[Support zone]: Price lost the 50 week MA and yearly open, traders now watch 83,800 to 80,500 dollars as first support area.
[Deeper target]: A clean break below this zone points to a flag target near 68,500 dollars backed by the 200 week MA.
“BTC broke down again, confirming the bearish flag,” said analyst Nic. “Next key levels sit near 85,500, 83,800 and 81,200 dollars.”
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Sharks buy the dip while OG whales sell hard
Mid sized holders step in around 85,000 dollars, while OG whales unload large stacks.
[Shark demand]: Holders with 100 to 1,000 BTC add about 54,000 BTC in a week, the fastest shark accumulation since 2012.
[Whale selling]: Wallets with over 10,000 BTC keep selling, offsetting institutional flows and capping upside for now.
[Parabolic break]: Trader Peter Brandt notes a break of long term parabolic support, past breaks led to drawdowns near 80 percent.
“Institutional buying on Coinbase sits at record levels, yet OG whales and long term holders sell at rates not seen in years,” wrote Charles Edwards. “Price strength likely waits for distribution to slow.”

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results
