PANews February 6 News, Santiment published an analysis stating that Bitcoin has recently experienced a sharp decline, with the price dropping to $60,001 for the first time since October 2024. The driving factors behind this may be related to major players retreating and retail investors stepping in.
Current market data shows that wallets holding between 10 and 10,000 BTC, known as “whales” and “sharks” (medium to large holders), have reduced their holdings to 68.04%, hitting a 9-month low. In just the past 8 days, this group has sold as many as 81,068 BTC. Meanwhile, retail wallets holding less than 0.01 BTC have increased their holdings to 0.249%, reaching a 20-month high. This continued buying by small wallets reflects retail investors’ refusal to give up and their enthusiasm for “buying the dip.”
This combination of “big players selling, retail investors buying in” is a typical characteristic of bear market cycles in history. As long as retail investors do not show clear signs of “capitulation,” institutions and large holders will continue to be willing to sell off their chips and are not in a rush to buy back until the public loses complete confidence in cryptocurrencies and exits the market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin ETF Records $238.46M Daily Inflow While Ethereum and Solana ETFs See Outflows on March 11
Gate News bot message, according to March 11 update data, Bitcoin ETFs recorded a daily net inflow of 3,392 BTC ($238.46 million) and a 7-day net inflow of 3,543 BTC ($249.1 million).
Ethereum ETFs showed a daily net outflow of 1,207 ETH ($2.49 million) and a 7-day net outflow of 21,846 ETH ($45 m
GateNews13m ago
BTC 15-minute increase of 0.63%: Derivatives market liquidations as the core driver, on-chain large transfers resonate and amplify volatility
From 14:15 to 14:30 on March 11, 2026 (UTC), Bitcoin (BTC) experienced a short-term fluctuation. The candlestick data shows a return of +0.63% within 15 minutes, with a price range of 70170.3 to 70694.9 USDT and an amplitude of 0.75%. Market attention increased during this period, volatility intensified, and both bulls and bears participated actively in short-term trading.
The main driver of this fluctuation was a liquidation event in the derivatives market. Historical experience indicates that when large-scale liquidations occur in the futures and perpetual contracts markets,
GateNews29m ago
BTC drops below 70,000 USDT
Gate News bot message, Gate market display, BTC drops below 70,000 USDT, current price 69,992.9 USDT.
CryptoRadar1h ago
BTC Breaks Through 71,000 USDT
Gate News bot message, Gate market display, BTC breaks through 71,000 USDT, current price 71,014.9 USDT.
CryptoRadar1h ago
