"Bitcoin whales flash sell signal... Market watching liquidity flow"

There is analysis suggesting that the positions of large Bitcoin (BTC) investors, or 'whales,' are shifting from the recent accumulation phase to a distribution phase. The market is watching closely to see how this movement will impact short-term price trends and liquidity flows.

On the 29th, the crypto-focused media platform CoinDesk reported, "Whales holding more than 10,000 Bitcoins are now moving from an accumulation phase into a distribution phase." As the price of Bitcoin stays range-bound between $107,000 and $109,000, some major investors appear to be preparing to realize profits with a short-term top in mind.

According to the blockchain data analytics firm Glassnode, the 'Accumulation Trend Score,' which quantifies the buying intensity of the entire investor cohort, has dropped to about 0.4 among whale addresses. The closer this score is to 1, the more aggressive the accumulation; the closer it is to 0, the stronger the selling pressure.

Glassnode added, "These whale addresses began accumulating in mid-April, when Bitcoin was trading in the $75,000 range, and recently have increased deposit activity to exchanges." This is in contrast to the withdrawal trend seen over the past several weeks. Some interpret this as an indication that certain whales may be moving holdings with the intention of liquidating in the market.

The outlet noted, "Market analysts believe this trend could signal greater short-term volatility and at the same time indicate the possibility of increased sell orders after the recent peak," and added, "While mid-size and small wallet groups continue to accumulate, the shift in whale behavior could put some downward pressure on the price of Bitcoin."