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

💡 DMK Insight

Bitcoin’s 46% drop from October’s peak is raising eyebrows, especially with whales moving coins to exchanges. This trend suggests that major holders might be preparing for further selling pressure, which could exacerbate the downward momentum. When large holders offload their assets, it often triggers panic selling among retail traders, leading to a cascading effect. Traders should keep an eye on the exchange inflow metrics from CryptoQuant as they can provide insights into potential price movements. If Bitcoin breaks below key support levels, say around the recent lows, it could signal a more significant bearish trend. But here’s the flip side: if these large holders are simply reallocating their portfolios rather than signaling a full-on sell-off, there might be hidden opportunities for savvy traders. Watching for signs of accumulation at lower levels could indicate a potential reversal. Keep your eyes on the $25,000 mark; if Bitcoin holds above that, it might attract buyers looking for value in a dip.