Bitcoin Whales Sold $1.7 Billion In BTC During Past Month: Data
Summary
Bitcoin whales have been selling off a significant amount of BTC in the past month, with a net distribution of 30,000 BTC worth over $1.65 billion. This trend has contributed to the bearish market and the recent sharp decline in Bitcoin's price. The behavior of these large holders, who own between 1,000 and 10,000 BTC, is being closely monitored as further declines in their holdings could prolong the cryptocurrency's drawdown. Bitcoin's price has dropped by over 10% in the past week, reaching $55,000.
