🐋 $BTC Whales Control 68% of Supply — Breakout Level Approaching
On-chain data from Santiment shows wallets holding 10–10,000 $BTC have accumulated back to 68% of the total supply during the recent Extreme Fear phase.
That kind of accumulation during panic historically signals smart money positioning early.
Key data:
• $BTC price: ~$71,500 (+6.5% this week)
• Long-term holders: ~25% underwater → strong risk/reward zone
• Short-term holders: barely in profit → possible near-term sell pressure
• Retail sentiment: 6-week high (potential caution signal)
📊 Critical level:
• $73,726 resistance
A confirmed break above that level opens the path toward the MVRV band target near $95,894.
Whales accumulating during fear tends to matter more than short-term retail sentiment spikes.
🚨 Watch $73,726 — that’s the confirmation trigger.
#BTC #Bitcoin #Crypto #OnChain #Breakout