Here’s how I’d summarize it from my perspective – concise, direct, and in my own voice:
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Bitcoin just hit roughly $117,300, not far off its all-time high near $123,000 .
Here’s what’s catching my attention:
Miners selling big: About 16,000 BTC moved from miner wallets to exchanges—sounds like miners are locking in profits .
Whales dumping, too: Large holders (“whales”) are also shifting BTC into exchanges, which usually precedes more selling pressure .
That volume spike is the largest miner sell-off since April—definitely a red flag .
Given Bitcoin’s pullback after rallies, this looks like it could be a local top .
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In simpler terms? I feel like major holders are cashing out near peak prices, which smells like a short-term topping signal. If I were managing exposure, I’d be cautious right now—or at least closely eyeing whether miners and whales start reversing that flow.
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Let me know if you’d like a deeper dive or my plan based on this outlook!
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