[Shark Addresses Accumulate at Fastest Pace Since 2012, Whales Continue to Reduce Holdings] Bitcoin has retraced approximately 30% from its $126,200 high to around $85,000. Glassnode data shows that 'shark addresses' holding 100 to 1,000 BTC have accumulated approximately 54,000 BTC over the past week, bringing the total holdings of shark addresses to 3.575 million BTC, marking the fastest accumulation pace since 2012. Long-term and 'OG' whales holding more than 10,000 BTC have been continuously reducing their holdings over the past two months. Capriole Investments founder Charles Edwards pointed out that institutional buying is being absorbed by long-term holders. Trader Peter Brandt warned that Bitcoin has broken below a critical parabolic support level, and deeper correction risks cannot be ruled out.