Emergency! Bitcoin market is in a sell-off!

Whales sell $4.1 billion of BTC, price plummets 9%, are investors panicking?

Recently, the Bitcoin market has been turbulent, with whales selling off their BTC for a total of $4.1 billion. According to cryptocurrency analyst Ali Martinez, whales have sold more than 50,000 bitcoins worth about $3.3 billion in the past 10 days. At the same time, miners have also sold more than 1,200 bitcoins worth nearly $80 million. This caused the price of Bitcoin to plummet by nearly 9%, from $71,655 to $65,228. Although Bitcoin has rebounded slightly, the market is still unstable. Bitcoin holders sell in every bull market, which has become a norm. The selling behavior of veteran Bitcoin holders has exacerbated the market turmoil. Willy Wu believes that these holders have a large number of bitcoins, and their choices have a huge impact on the market.

In such a turbulent market, how should investors respond? Come share your thoughts in the comment section and discuss the future direction of the Bitcoin market!