"Bears Selling Led by Whales... Sold 25,794 BTC in 7 Days"

Source
Son Min

Summary

  • Analysis shows that whales are the main sellers in Bitcoin's bearish market.
  • Bitcoin whales have sold 25,740 BTC over the past 7 days.
  • However, on-chain data indicates an overall net buying trend for Bitcoin.

As Bitcoin (BTC) continues to decline, analysis shows that whales (holding 10,000-100,000 BTC) are the main sellers.

On the 26th (local time), IntoTheBlock reported via X that "Bitcoin whale addresses have sold 25,740 BTC over the past 7 days," stating that "Bitcoin whales are the main sellers in this bearish market."

However, they added that "overall on-chain data shows a general net buying trend for Bitcoin" and that "many traders are increasing their Bitcoin holdings during this market downturn."

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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