【Data: Bitcoin whales have sold 115,000 BTC in the past month, marking the largest sell-off since mid-2022】According to a report by Golden Finance, as disclosed by Cointelegraph, analysts say that Bitcoin whales have sold up to $12.7 billion worth of Bitcoin in the past month, and if the sell-off continues, it could further pressure its price in the coming weeks. CryptoQuant analyst “caueconomy” pointed out last Friday: “The trend of major Bitcoin network participants reducing their holdings is intensifying, reaching the largest scale of token distribution this year.” They added that in the past thirty days, the reserves of whales have decreased by over 100,000 Bitcoins, which “indicates a strong risk-averse sentiment among large investors.” This sell-off pressure “is punishing the price structure in the short term,” ultimately pushing prices below $108,000. According to CryptoQuant data, as of last Saturday, this was the largest whale sell-off since July 2022, with a change of 114,920 Bitcoins over 30 days, valued at approximately $12.7 billion at current market prices.
