#Bitcoin❗ Correction Could Linger for Months: CryptoQuant
Bitcoin faces near-term pressure from whales and miners cashing out, even as long-term models and seasonal trends point to renewed upside.
summary
On-chain data shows the third major wave of whale profit-taking since mid-2024, joined by miner sell-offs after July’s all-time high.
Options traders are bracing for a pullback, targeting 10–30% downside into September.
Capriole’s Edwards says Bitcoin is “undervalued,” with Q4 seasonality historically favoring strong returns.
