🚨 Bitcoin‘s Party May Be Over: Whales Bailing Out as 10-100 BTC Wallets Decline 🚨
As Bitcoin bounces back from a market crash, watch out for the Real Whales unloading their BTC! With a 600,000 BTC drop, wallet balances holding 10-100 BTC are on a decline for nearly 2 years! 🔴
Are they cashin’ out or repositioning? Axel Adler’s concerning on-chain data says they’ve been cashing out whopping sums ($1-10mil) since June 2023. And they’re creating several millionaires along the way! 💰
Historically, big players’ moves affect BTC prices, but is this sell-off a bearish sign? 🐻 As the supply of BTC in loss surged to 2 million during a recent market dip, could this all lead to a Jonah-like pullback? 🐳⬇️
But fear not, Bitcoin has slowly moved up and the overall supply in loss has returned to the quarterly average at 738,000 BTC. 📈 Still, BTC may be looking to consolidate as it gets squeezed between $103k and $100k. ⛓️🤷♂️
Are these whaleseselecting or strategic planning for future gains? Well, if you’re not following their every move closely, you might just find your ship isn’t sea-going anymore! 🚢🌊 Stay updated to steer through volatility… ⛵🌪️
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2025-01-29 18:12