Shark entities, holding between 100 to 1,000 #BTC, are witnessing a favorable increase in their balance, acquiring a substantial volume that accounts for 36% of the newly mined supply. Conversely, whale entities, holding more than 1,000 #BTC, along with #miners, are net sellers, releasing a #volume that represents 70% of the newly #mined supply from their holdings.

The market seems to be experiencing a phase of steady #accumulation, indicating a hidden demand even amidst recent regulatory challenges.

Amid widespread unrealized losses, the market’s range between $60k–$70k depends on renewed #Accumulation. The breakout direction will hinge on fresh #Demand from new buyers.

Since Feb 5, the #AccumulationTrendScore has stayed below 0.5, signaling weak buying pressure—especially from large holders. This lack of strong #Conviction suggests that without sustained #WhaleAccumulation, the risk of further #Downside remains before a durable bottom forms.