Bitcoin Whales Sell $2.6 Billion In BTC – Is A Price Reversal Coming?
Summary
Bitcoin whale-sized addresses reportedly reduced holdings by more than 34,000 BTC during a week in which BTC fell from about $79,000 to below $73,000. At roughly $73,700, price is near the stated $72,700 support; reclaiming $75,000 could put resistance near $76,500–$77,500 and then $79,000–$80,000 in focus, while a break below support could expose $71,000. The report cautions that wallet-balance changes do not necessarily reflect direct selling. It also cites over $1.1 billion in liquidated bullish positions and recent ETF outflows, saying stronger evidence of recovery would include stabilizing whale balances, moderating outflows and increased spot buying.
