The crypto market is preparing for potential upheavals as the analyst warned of large investors, known as 'whales', preparing for large-scale sales . According to recent data, whales have accumulated significant amounts of BTC, but recent activity on exchanges indicates a possible start of a sell-off. An increase in transfers to exchange wallets and a change in the behavior of large holders may signal their intention to take profits.
The analyst notes that such actions by whales often precede sharp price fluctuations. Historically, such sell-offs have led to short-term declines in Bitcoin's price of 10-20%, although the long-term bullish trend may persist. At the time of writing, Bitcoin is trading around $116,000, but volatility may lead to rapid changes.
Investors are advised to be cautious and monitor market indicators such as trading volumes and whale behavior. The analyst also emphasizes the importance of diversifying the portfolio to reduce risks.
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