The Bitcoin rally has hit a speedbump at $100K, and the big players are cashing out. Here’s what’s really happening behind the scenes:
1️⃣ Grayscale ETF – The Silent Seller
Massive outflows as institutional investors lock in profits
GBTC’s discount is gone, and long-term holders are rotating capital
Creates steady sell pressure even during bullish momentum
2️⃣ Miners – Post-Halving Survival Mode
Block rewards just got cut in half (again)
Public mining companies are selling reserves to cover costs
Some are even hedging future production via OTC deals
3️⃣ Whales – Playing the Long Game
On-chain data shows old wallets waking up to distribute coins
Not panic selling—strategic profit-taking before new ATHs
These players know liquidity is highest at round numbers ($100K+)
💡 What This Means for You
Short-term volatility? Yes.
Bull market over? Absolutely not.
Smart money views this as a healthy reset before the next leg up.
Bottom Line: Weak hands shake out, strong hands accumulate. The real rally starts when these sellers exhaust themselves. Stay patient. 🚀
