The whale recently sold 96,155 $SOL, netting $4.5 million. While this might seem like a solid move, it’s worth noting that these tokens were purchased at an average price of $100 a year ago and could have been sold for $250 not too long ago. Even whales are starting to feel the pressure, panic-selling near the lows.
Are we headed even lower? I don’t think so. As previously mentioned, we’re approaching a major support zone for BTC around the $87k mark. That said, a drop to $71k isn’t out of the question, especially with Trump’s actions seemingly aimed at destabilizing the markets. However, there’s still hope. Whales and institutions are largely continuing to accumulate, despite occasional large players cashing out.
For instance, today alone, they scooped up 8,000 BTC, 40,600 ETH, and made numerous smaller altcoin purchases. What’s next? What are your thoughts? $BTC $ETH