A whale recently sold 96,155 $SOL, pocketing $4.5 million. While that might seem like a win, the whale originally bought them at an average price of $100 a year ago, and could have sold them for $250 not too long ago. Even the big players are starting to panic and sell at the lows.
Are we headed lower? I don’t think so. As mentioned before, we’re approaching a key support level around $87k for BTC. Sure, we could dip further to $71k—Trump’s actions are certainly contributing to market instability—but there’s still hope. Whales and institutions are largely continuing to accumulate, despite occasional dumps from a few large players.
For example, today alone, they bought 8k BTC, 40.6k ETH, and several smaller altcoin purchases. What’s next? What do you think? $BTC $ETH
