COINOTAG recommends • Exchange signup |
💹 Trade with pro tools |
Fast execution, robust charts, clean risk controls. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🚀 Smooth orders, clear control |
Advanced order types and market depth in one view. |
👉 Create account → |
COINOTAG recommends • Exchange signup |
📈 Clarity in volatile markets |
Plan entries & exits, manage positions with discipline. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
⚡ Speed, depth, reliability |
Execute confidently when timing matters. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🧭 A focused workflow for traders |
Alerts, watchlists, and a repeatable process. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
✅ Data‑driven decisions |
Focus on process—not noise. |
👉 Sign up → |
- As the bear market continues, analysts have been evaluating what might be influencing the decline in the leading cryptocurrency, Bitcoin, and consequently, the crypto market.
- Data also indicates that during this period, 610,686 active addresses bought Bitcoin, 560,331 active addresses sent Bitcoin, and a total of 265,000 transactions took place.
- He noted that retail investors may have sold over the past few days as another factor that could have caused the decline.
A prominent cryptocurrency analyst has revealed that institutional investors seem to be entering an accumulation phase while examining the recent price drop in Bitcoin.
Why Did Bitcoin Experience a Price Drop?

As the bear market continues, analysts have been evaluating what might be influencing the decline in the leading cryptocurrency, Bitcoin, and consequently, the crypto market. This time, another cryptocurrency analyst explained the factors affecting Bitcoin’s price drop.
Bitcoin, in particular, dropped below $27,000 on October 12. Addressing this decline, crypto analyst Nick noted that there hadn’t been significant developments in the news apart from the recent release of US inflation data, which showed higher-than-expected increases in the Consumer Price Index (CPI). He then delved into essential on-chain metrics that could affect Bitcoin’s price. According to the data he examined, there were 903,210 active addresses in the past 24 hours.
COINOTAG recommends • Professional traders group |
💎 Join a professional trading community |
Work with senior traders, research‑backed setups, and risk‑first frameworks. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
📊 Transparent performance, real process |
Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
👉 Get access → |
COINOTAG recommends • Professional traders group |
🧭 Research → Plan → Execute |
Daily levels, watchlists, and post‑trade reviews to build consistency. |
👉 Join now → |
COINOTAG recommends • Professional traders group |
🛡️ Risk comes first |
Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
👉 Start today → |
COINOTAG recommends • Professional traders group |
🧠 Learn the “why” behind each trade |
Live breakdowns, playbooks, and framework‑first education. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
🚀 Insider • APEX • INNER CIRCLE |
Choose the depth you need—tools, coaching, and member rooms. |
👉 Explore tiers → |
The data also showed that during this period, 610,686 active addresses bought Bitcoin, 560,331 active addresses sent Bitcoin, and a total of 265,000 transactions occurred. However, what’s even more intriguing is the fact that 48.7 million addresses existed, but only 23 million of them held BTC.
Nick emphasized that these figures provide a perspective on the adoption rate of Bitcoin. Assuming that most Bitcoin addresses held BTC could be quite misleading; in reality, less than half of them had BTC.
COINOTAG recommends • Exchange signup |
📈 Clear interface, precise orders |
Sharp entries & exits with actionable alerts. |
👉 Create free account → |
COINOTAG recommends • Exchange signup |
🧠 Smarter tools. Better decisions. |
Depth analytics and risk features in one view. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
🎯 Take control of entries & exits |
Set alerts, define stops, execute consistently. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🛠️ From idea to execution |
Turn setups into plans with practical order types. |
👉 Join now → |
COINOTAG recommends • Exchange signup |
📋 Trade your plan |
Watchlists and routing that support focus. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
📊 Precision without the noise |
Data‑first workflows for active traders. |
👉 Sign up → |
Institutional Investors Spring into Action
He noted that another factor that might have caused the decline is that retail investors may have been selling off in recent days. However, the positive aspect Nick highlighted is that these sales indicate that institutional investors are accumulating again since they had previously sold their tokens to these retail investors.
He also pointed out the existence of 108 wallets holding over 10,000 BTC. These wallets, referred to as the “main manipulators” of Bitcoin’s price by Nick, have exhibited a similar selling tendency in the market, as these wallets decreased by 8.47% in the last 180 days, implying they sold “aggressively.”
COINOTAG recommends • Traders club |
⚡ Futures with discipline |
Defined R:R, pre‑set invalidation, execution checklists. |
👉 Join the club → |
COINOTAG recommends • Traders club |
🎯 Spot strategies that compound |
Momentum & accumulation frameworks managed with clear risk. |
👉 Get access → |
COINOTAG recommends • Traders club |
🏛️ APEX tier for serious traders |
Deep dives, analyst Q&A, and accountability sprints. |
👉 Explore APEX → |
COINOTAG recommends • Traders club |
📈 Real‑time market structure |
Key levels, liquidity zones, and actionable context. |
👉 Join now → |
COINOTAG recommends • Traders club |
🔔 Smart alerts, not noise |
Context‑rich notifications tied to plans and risk—never hype. |
👉 Get access → |
COINOTAG recommends • Traders club |
🤝 Peer review & coaching |
Hands‑on feedback that sharpens execution and risk control. |
👉 Join the club → |
Nick highlighted that this trend extended until April 2023 (the peak of accumulation for these wallets) and emphasized that the analysis suggests Bitcoin’s drop indicates a bigger picture rather than immediate factors.
Despite this drop and the amount of liquidation that took place, Nick remains optimistic that Bitcoin can close this bear market in the green. It is reported that October has been one of the best-performing months for Bitcoin in the last five years.
COINOTAG recommends • Members‑only research |
📌 Curated setups, clearly explained |
Entry, invalidation, targets, and R:R defined before execution. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧠 Data‑led decision making |
Technical + flow + context synthesized into actionable plans. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
🧱 Consistency over hype |
Repeatable rules, realistic expectations, and a calmer mindset. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🕒 Patience is an edge |
Wait for confirmation and manage risk with checklists. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
💼 Professional mentorship |
Guidance from seasoned traders and structured feedback loops. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧮 Track • Review • Improve |
Documented PnL tracking and post‑mortems to accelerate learning. |
👉 Join now → |