[{"type":"paragraph","children":[{"text":"Glassnode reports that the average Bitcoin supply per whale (holders of 100–10,000 BTC) has dropped to around 488 BTC per whale, a level last seen in December 2018. 📉"}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"In my view, this is an important signal for the market. On one hand, it could indicate that large holders are taking profits after recent highs. On the other hand, it may reflect a liquidity redistribution toward smaller investors and institutions, especially with growing ETF inflows."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"If whale holdings continue to decline, we’re likely looking at two possible scenarios:"}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"1. Bullish 🟢 — broader BTC distribution could reduce volatility and strengthen the market’s foundation."}]},{"type":"paragraph","children":[{"text":"2. Bearish 🔴 — if this trend signals active profit-taking, we might see more selling pressure ahead."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Personally, I lean toward this being a redistribution phase, not a sign of capitulation — but holding $100K support remains crucial to avoid deeper corrections."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":""},{"type":"topic","character":"Jucoin","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Bitcoin","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Glassnode","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"BitcoinETF","children":[{"text":""}]},{"text":" "}]}]