As I recently analyzed on x (@caueconomy), the trend of reducing exposure by major Bitcoin network players continues to intensify, reaching the largest coin distribution this year.
In the last thirty days, whale reserves have fallen by more than 100,000 BTC, signaling intense risk aversion among large investors.
This selling pressure has been penalizing the price structure in the short term, ultimately pushing prices below US$108,000.
At this time, we are still seeing these reductions in the portfolios of major players, which may continue to pressure Bitcoin in the coming weeks.
Written by caueconomy
