Micro Bitcoin (BTC) Holders Are Vanishing at the Fastest Pace Since December 2024

Retail investors are exiting Bitcoin at their fastest pace since December as whales keep accumulating near current prices. Bitcoin whales and sharks are continuing to increase their holdings as the cryptocurrency trades in the $63,000 to $65,000 range, according to the latest data from Santiment. The accumulation trend has strengthened since its previous report earlier this week, which highlighted a surge in network activity driven by the impact of the Coldcard hardware wallet security incident. Retail Dumps Holdings At the time, Santiment reported that active Bitcoin addresses had climbed to a three-month high of 712,000 over the previous seven days, while transactions worth more than $100,000 reached a five-month high of 61,800. The firm said affected users rushed to move their funds and reorganize their wallets after the security breach, which ended up triggering a sharp increase in on-chain activity. In its latest update, Santiment flagged a notable shift. While large holders have continued adding BTC to their wallets, micro holders are reducing their exposure at the fastest pace since December 2024. The Coldcard hack remains a major factor, as both the accumulation by whales a...