Recent data suggests that Bitcoin whales are realizing over $200 million in daily losses while $BTC remains below the $70K level.
This kind of activity may indicate increased pressure on large holders, with some possibly exiting positions after extended periods of drawdown. Historically, phases of extreme fear and capitulation often occur near potential market turning points.
However, it’s still unclear whether this marks the final shakeout or if further downside could follow.
As always, market participants will be watching closely for signs of stabilization or continued selling pressure in the coming sessions.