📉 Bitcoin Whales Sell Quietly
Over the past year, the total balances of large wallets (1,000+ BTC) have decreased by about 447,000 Bitcoins, but these sell-offs have been spread over 12 months.
⚠️ Selling this amount all at once would have led to an immediate price collapse, so the selling is gradual. In the worst cases, net monthly sales did not exceed 61,000 BTC over 30 days.
💪 However, the market can absorb up to 100,000 BTC of supply if it coincides with optimism in futures and strong institutional purchases.
$WCT
