Wallets holding between 100 B $BTC and 1,000 $BTC often associated with professional investors and large funds have shown a notable decline in Bitcoin holdings over the past year.

A similar pattern emerged in late 2021 and early 2022, shortly before the market entered a prolonged downturn. Importantly, this behavior does not signal panic selling.

Instead, it reflects a risk-reduction strategy by experienced market participants.

Historically, when this cohort begins distributing holdings while prices remain elevated, it often precedes a period of lower returns or extended consolidation, rather than immediate upside continuation.#BTC