Bitcoin’s price fell sharply from $95,500 to $87,500 over the past 48 hours, wiping out more than $10,000 since reaching a multi-month high of $98,000 last week. The sell-off has been fueled by rising geopolitical tensions between major allies, alongside a surge in long-dated Japanese government bond yields, which are weighing on risk assets.
While retail investors are exiting, data from Santiment shows smaller wallets holding under 0.01 BTC sold roughly 132 BTC over the past nine days, representing about 0.28% of their total holdings. In contrast, large investors commonly called whales and sharks have been buying, accumulating 36,322 BTC, worth around $3.2 billion at current prices.
A significant portion of this accumulation may come from Michael Saylor’s Strategy, which reportedly purchased 22,305 BTC in the previous week alone, reinforcing the trend of corporate and institutional buying.
Meanwhile, traditional safe-haven assets continue to thrive. Gold hit a fresh all-time high near $4,900/oz, while silver approached $100, signaling that investors are shifting toward defensive plays amid market uncertainty.
