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Bitcoin Whales Sell Over $1 Billion in Two Weeks: What’s Next for BTC?

Bitcoin Whales Sell Over $1 Billion in Two Weeks: What’s Next for BTC?
In the past two weeks, Bitcoin whales have sold over $1.2 billion worth of BTC, according to CryptoQuant. This significant offloading

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Bitcoin whales have sold over $1.2 billion worth of BTC in the past two weeks, raising questions about the future direction of Bitcoin prices. This significant offloading has been facilitated primarily through brokers rather than open market transactions. The observed decrease in UTXO age bands supports this trend, showing that these whales are liquidating their assets. Additionally, the ETF market has mirrored this trend, with net outflows of $460 million in the same period. A notable shift in miner behavior is also contributing to the sell-off, as many miners are redirecting their resources towards the booming artificial intelligence (AI) sector. Despite the current selling trend, there is potential for a market rebound, as the decrease in stablecoin liquidity suggests a possible consolidation phase. The market is now in a critical phase where the actions of these large holders will likely dictate the short-term price movements of Bitcoin. The shift of miners to the AI sector and the broader economic environment will play crucial roles in shaping Bitcoin’s near-term future. Investors should watch for signs of renewed buying interest and stability in the market as potential indicators of a rebound.

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