Whales sell pressure breaks record for highest amount of BTC sold within a 30-day period, impacting market.
It is estimated that whales currently hold around 9 million BTC, representing a significant portion of the total BTC supply.
Whales holding 1,000 to 10,000 BTC have 3.6 million BTC.
Whales holding 10,000 to 100,000 BTC hold 1.9 million BTC.
Whales holding 100,000 BTC or more hold 3.6 million BTC.
These large holders of Bitcoin have a significant influence on the market, and such selling activity can impact the price of BTC.
Reviewing the Trend Accumulation Score by Cohort metric, on-chain Glassnode data confirms the concentration of sell pressure has been coming from BTC whales.
From:Cryptoslate.com