Bitcoin Whales Dump $271M In BTC: What May Happen Next?
Cointelegraph
Long-term Bitcoin investors recently sold $271 million in BTC, yet strong market absorption suggests stability rather than a price crash.Summary
Long-term Bitcoin holders, known as "OG whales," recently liquidated $271 million in assets. While similar activity in January preceded a market dip, current data indicates the market has significantly higher absorption capacity. Metrics from Glassnode and CryptoQuant suggest that selling pressure is being offset by institutional accumulation, with the Bitcoin Sharpe Ratio pointing toward a potential consolidation or accumulation phase rather than a sustained downturn.
(Source：Cointelegraph)