220,000 BTC Vanish in a Year: Are Whales Behind Bitcoin’s Slide?
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Large Bitcoin holders have reduced their positions by offloading 220,000 BTC in the last year, marking the fastest decline since early 2023. This trend typically precedes market peaks, suggesting potential price volatility.
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Recent data shows that large Bitcoin holders are reducing their positions. Addresses holding between 1,000 and 10,000 coins have offloaded a total of 220,000 BTC over the last 12 months. This is the fastest drop in holdings by this group since early 2023. Similar behavior in past cycles came before market peaks.
Whale Holdings Show Steep Decline
According to CryptoQuant, wallets with 1K–10K BTC saw a sharp decline in holdings. These wallets are often linked to large investors who can influence price trends. CryptoBusy noted,
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In This News
Coins
$ 64.30K
+0.65%$ 0.00185
+2.78%Predictions Markets
See what traders are focused on
Share:
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