Bitcoin whales and sharks have decreased their holdings by more than 57,000 BTC.

Last week, Bitcoin whales and sharks decreased their holdings by more than 2,188,217.1 BTC, prompting concerns regarding the potential impact on the market and overall investor sentiment. In contrast, other Bitcoin investors possessing more than 3 BTC gathered approximately 2,947.87 BTC, indicating a divergence in market views. The cryptocurrency sector has experienced significant turmoil recently due to a large sell-off by these two categories of Bitcoin holders. According to Santiment, wallets containing between 224 and 212.79,230 BTC have sold over 50,625 BTC, which is approximately valued at $4.07 billion. Wallets holding between 10 and 100 BTC have remained active, offloading 7,12.793 BTC, which is approximately valued at $567.1 million. Source: Santiment. Major Investors Divesting—Should We Worry or See It as a Chance? Numerous individual investors question whether it signals a negative trend when major players begin to reduce their investments. While history shows that the market frequently reacts to the actions of these two entities, a definitive solution remains elusive. Sometimes, significant sell-offs signal a market correction, but at other times, they offer opportunities for investors to buy at reduced prices ahead of the next surge. Additionally, there is a growing accumulation of Bitcoin among holders with more than 10 BTC. Since March 3, the group has gathered approximately 5,000 BTC in total.