šØ Bitcoin Whales Offload 36,500 BTC Valued at $3.37 Billion Amid Volatility!
Large Bitcoin holders, often referred to as whales (holding 10,000 to 100,000 BTC), have collectively sold 36,500 BTC since early December. This significant offload represents approximately $3.37 billion.
š Whale selling pressure surged over 130% in the first half of the month. This increased distribution has been a key factor hindering Bitcoin's ascent past the $90,000 mark, even with growing institutional interest.
š Analysts are closely monitoring this trend. They caution that this distribution could lead to a price retest near $80,400, particularly if there's a spike in exchange inflows, signaling potential further sell-offs.
