Data from on-chain sources indicates that significant amounts of Bitcoin have been distributed by large holders, yet the price of the asset has not significantly dropped. While some whales are selling off their holdings, other wealthy investors, known as sharks, are increasing their stakes in Bitcoin. Santiment’s on-chain analytics reveal an intriguing trend among big Bitcoin wallets at the moment. The measure of importance in this case is the “Supply Distribution,” which monitors the overall amount of Bitcoin being held by different groups of wallets. The addresses are categorized into these groups depending on the quantity of tokens they possess. For example, the group of wallets holding between 1 and 10 BTC is known as the 2400 to 10 coins group. This group has been recently setting all-time high realized cap for Bitcoin, leading to speculation about the next price increase. Regarding the ongoing discussion, the focus is on two groups of animals: sharks and whales. Former investors are usually referred to as individuals who possess between 100 and 1,000 BTC, whereas the latter group consists of those with 623,000 to 10,000 BTC. Due to their substantial balances, it is important to monitor the actions of both groups as they might impact the overall market. The whales are inherently stronger than the other group because they possess a much larger amount of resources. The chart below displays the fluctuation in Bitcoin Supply Distribution between these two prominent investor groups in recent months. It appears that the two metrics have moved in different directions recently. According to Santiment on X, the graph above shows that Bitcoin whales have sold a significant amount of coins from their holdings during the recent price rally. In total, these large entities have sold approximately 75,500 BTC.