The Bitcoin whales have sold approximately 147,000 BTC in the last month, representing the fastest monthly outflow recorded in the current cycle.

🐋 What is happening with the whales?

• Profile of the sellers: Most are long-term holders (LTH), with more than 155 days — even years — of accumulation.

• Main reason: They are taking profits after BTC's all-time highs above USD 124,500 in August.

• Impact on the market: This massive sell-off has contributed to the drop in BTC's price, which went from USD 117,000 to USD 113,000 in September.

• Flows to exchanges: On September 22, an inflow of USD 120 million in BTC was recorded at Binance, followed by another USD 52 million the next day.