Bitcoin Sell Pressure Is Easing, But Whales Keep Dumping on Exchanges: CryptoQuant
Recent analysis from CryptoQuant indicates that while overall sell pressure on Bitcoin is decreasing, large holders, or "whales," continue to sell their assets on exchanges. This trend suggests that despite a potential stabilization in the market, significant selling activity from these major players could impact Bitcoin's price. The report highlights a mixed sentiment in the market, with retail investors showing signs of accumulation. Additionally, the ongoing whale activity raises concerns about future price volatility as these large transactions can influence market dynamics.
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