Bitcoin Sell-off Risk Rises As New Whales Control The Price Action
New Bitcoin whales, holding coins for less than 155 days, now control more realized capital, increasing short-term selling pressure.Summary
Bitcoin's price is struggling below $90,000 due to increased selling pressure, largely driven by newer whales. Analysts note that holders of over 1,000 BTC with UTXOs younger than 155 days now control more realized capital than long-term holders, with their realized price near $98,000, meaning they currently hold $6 billion in unrealized losses. This pressure from capital under stress, rather than conviction from long-term holders, is influencing near-term action. Furthermore, exchange data shows a surge in the Exchange Whale Ratio, indicating large sell-side inflows near the $90,000–$95,000 zone. Technical indicators and order flow analysis suggest a potential pullback toward the $85,000 to $80,000 range unless a strong relief rally occurs, as Bitcoin is trading below key moving averages and has experienced a "failed auction" above recent trading value areas.
(Source：Cointelegraph)