"Bitcoin Whales Have Turned to Selling"

Source
Son Min

Summary

  • Whale addresses holding over 10,000 Bitcoin have started selling, which requires investors' attention.
  • Glassnode reported that Bitcoin whales have turned to net selling, while accumulation continues in other segments.
  • Currently, Bitcoin is trading slightly up compared to the previous day, based on the Binance USDT market.

An analysis has emerged that whale addresses holding over 10,000 Bitcoin (BTC) have started selling.

On the 26th (local time), Glassnode announced via X (formerly Twitter) that "addresses holding over 10,000 BTC have turned to net selling." It further added, "In other segments, widespread accumulation is still ongoing," and "the initiative is shifting to individual investors."

As of 10:42 PM, Bitcoin is trading at $109,860, up 2.08% from 24 hours ago, based on the Binance USDT market.

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Son Min

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