Bitcoin: Analyzing the contrasting trends of whale, shark accumulation

holders in the past few weeks. The information revealed a contrasting landscape where different entities are making distinct moves.

However, when it came to whale entities, which encompass wallets holding over 1,000 BTC, they were aligned with miners as net distributors. This meant they had released a volume equivalent to 70% of the mined supply from their holdings. As of this writing, the supply on exchanges metric stood at 5.60%, showcasing a significant and sustained downtrend. This decline can be traced back to around 18 June and has persisted since then.Furthermore, the current decrease represents the lowest level observed in over five years. This decline in supply on exchanges carries important implications.

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