Bitcoin sharks stack at fastest pace in 13 years, with BTC down 30% - Source: CoinTelegraph

Bitcoin is down 30% from its $126,200 peak, trading just above the $85,000 support and fueling concerns of a deeper pullback toward the $70,000 region. Still, onchain data showed institutions and high-net-worth individuals were accumulating BTC.

Key takeaways:

• -Bitcoin sharks accumulated aggressively at 2012-level speeds, signaling a dip-buying trend.

• -Heavy selling by long-term and OG whales continued to cap upside, keeping near-term downside risks elevated.

Story continues: https://cointelegraph.com/news/bitcoin-sharks-accumulate-fastest-pace-in-13-years-btc-down