The Bitcoin whales are selling BTC, with around 36,500 BTC (~$3.4 billion) released in recent weeks, putting pressure on the price and making it difficult to break important resistances. Additionally, there are large transfers of stablecoins: USDT for ~$388 M from OKX to unknown wallets and another for ~$223 M to OKX, indicating possible portfolio rebalancing.

The movements also show rotations between assets, with signals of interest in Ethereum against BTC, suggesting that the whales may be adjusting positions in response to the current market.