BTC Whales Are Selling: Price Drops to 65K

According to Santiment data, whale and shark wallets holding between 10 and 10,000 Bitcoin (BTC) own approximately %68,04 of the total BTC supply and have fallen to the lowest level in the past nine months. These wallets sold 81.068 BTC in the last eight days. BTC price declined %27 from 90,000 dollars to 65,000 dollars and is currently trading at 65.742 dollars (24h change: -%6,90).

Why Did BTC Drop? Whale Sell-offs and Fear Index

Market participants monitor large BTC holders for accumulation or selling signals. CryptoQuant CEO Ki Young Ju stated that all BTC analysts are bearish. The Crypto Fear & Greed Index fell to 9 out of 100 on Friday, reaching the lowest level since mid-2022. In contrast, shrimp wallets holding less than 0.1 BTC rose to a 20-month high with %0,249 (approximately 52.290 BTC). Latest news: BTC fell below 70,000 dollars for the first time since November 6, 2024. MicroStrategy CEO Phong stated that if BTC averages stay below 76,000 dollars, there is contract risk and in the worst case, it would make debt repayment of 8,000 dollars difficult.

Critical Support and Resistance Levels for BTC

• RSI: 24.42 (Oversold)
• Trend: Downtrend, Supertrend: Bearish
• Supports: S1: 65.881$ (Strong, %73), S2: 60.000$ (Strong, %70)
• Resistances: R1: 72.176$ (Strong, %68), R2: 100.495$ (Strong, %63)

For detailed analysis, visit the BTC detailed analysis page or evaluate BTC futures opportunities.

Frequently Asked Questions About BTC

• Will BTC drop to 60,000 dollars? Yes, S2 support is strong; RSI is giving an oversold signal.
• When do whales buy? Accumulation begins when the fear index is low (9/100).
• Will MicroStrategy sell BTC? According to Phong, below 76,000$ is risky, but the holding strategy continues.