Bitcoin Whales May Be Preparing to Sell as the Price Struggles to Hold!

Bitcoin (BTC) whales have started selling preparations after the recent rise in price.

Transferred by on-chain analysis platform Santiment to data According to Bitcoin whales, they started to exhibit remarkable behavior. The data revealed that whales are splitting their wallets and moving their Bitcoins to new wallets these days when the price is above 60 thousand dollars.

From wallets holding 1,000 to 10,000 BTC in the last 2 days 75,500 BTC output was seen. On the other hand, in your hand 100 to 1,000 BTC to the wallets found in the last 2 days. 78 thousand BTC entry was seen. In general, 187 thousand were added to the number of wallets holding more than zero Bitcoin in the last 2 days. increase by 0.36% was seen.

Analysts interpreted this situation as a possible pre-sale preparation and warned investors to be careful. More than 94% of Bitcoin investors are currently in profit, and a correction that may come with a selling pressure is among the short-term scenarios of many analysts.


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