Bitcoin Sell Pressure Is Easing, But Whales Keep Dumping on Exchanges: CryptoQuant

Recent analysis from CryptoQuant indicates that while sell pressure on Bitcoin is diminishing, large holders, or "whales," continue to sell their holdings on exchanges. The data shows a decrease in the overall selling activity among smaller investors, suggesting a potential stabilization in the market. However, the persistent selling by whales could impact Bitcoin's price dynamics. Analysts are closely monitoring these trends to gauge future market movements. Overall, the situation reflects a mixed sentiment within the cryptocurrency market.

Read the full article: Decrypt

Read more