$BTC 🚧 Bitcoin rally "is under threat" due to whale sales and weak retail investor activity. This was stated by CryptoQuant analyst with the nickname Arab Chain.

According to him, the first cryptocurrency is likely approaching the end of its bullish cycle. This is indicated by the data from the Whale to Flow indicator on Binance.

In July and August, bitcoins worth about $5 billion were received on the exchange. Such transactions by large players often precede major sell-offs, noted the analyst.