🐋Bitcoin OG Whales Keep Cashing Out - $90K Next?
Old-school Bitcoin whales are unloading again - and that could spell more pain ahead.
🔹Capriole’s Charles Edwards flagged “super whales” selling hundreds of millions in BTC, as onchain data shows addresses dormant for 7+ years suddenly waking up.
🔹Glassnode data confirms consistent whale outflows since January, with multiple $100M–$500M transactions lighting up the charts.
🔹Some analysts argue these aren’t pure sell-offs - possibly moves to Taproot or quantum-safe wallets - but the timing adds pressure on an already fragile market.
Technically, BTC trades within a bear pennant around $101K - a breakdown could target $90K–$92K next.
If bulls can reclaim the 50-week EMA near $101K, the damage may stay contained.
⚠️Short-term risk remains high, but macro liquidity and ETF inflows could cushion deeper downside.
#Bitcoin #BTC #Whales #CryptoMarkets