Bitcoin Falls Below 90,000 Amid Whale Accumulation

Bitcoin's price plunged below the psychologically significant 90,000 level this week, reaching a low of 89,550 on Tuesday, as large-scale investor activity surged amid a broader market downturn. The cryptocurrency, which hit an all-time high of around 126,000 on October 6, has declined about 28 percent overall and 11.5 percent in the past seven days, erasing roughly 600 billion dollars in market value.

Analytics from platforms like Santiment and Glassnode indicate a marked increase in whale transactions, with over 102,900 transfers exceeding 100,000 dollars and more than 29,000 surpassing 1 million dollars recorded so far this week. This marks the most active period for large holders in 2025, according to Santiment data. The number of wallets holding more than 1,000 Bitcoin rose 2.2 percent since late October, climbing from 1,354 to 1,384 addresses, levels not seen in four months. In contrast, small-holder wallets with at least 1 Bitcoin fell to a yearly low of 977,420 from 980,577 over the same period, suggesting retail investors are selling while whales accumulate.

On-chain analysis shows long-term, price-insensitive holders have absorbed 186,000 Bitcoin since October 6, the...