On-chain analytics firm Santiment shared new data on social media, revealing that Bitcoin tumbled 13% over the past week. The decline was largely driven by aggressive selling from key market stakeholders — specifically addresses classified as whales and sharks. Santiment, a well-known data provider in the crypto space, often uses its holding and behavioral metrics to track smart money movements, and it stressed that such concentrated selling was the main source of near-term volatility.
The figures show that addresses holding between 10 and 10,000 BTC offloaded a net 24,602 BTC in seven days, a collective reduction of 18% in their positions. At current valuations, this sell-off equates to a multi-billion-dollar capital outflow, placing direct pressure on the market. In stark contrast, tiny addresses holding less than 0.01 BTC accumulated a net 61 BTC over the same period, marking a 12% increase. The divergence quickly drew market attention, as it paints a clear picture of on-chain capital undergoing a structural redistribution: large holders were reducing exposure amid the drawdown while smaller participants stepped in to buy the dip.