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Bitcoin whales offload 147K BTC in one month: Is $100K BTC price next?
Bitcoin whales have offloaded about 147,000 BTC over the past month, and continued selling could further pressure its price for the next few weeks, according to analysts. Bitcoin whales — entities holding a large amount of coins, usually 1,000 BTC or more — started to offload coins soon after BTC price hit new all-time highs above $124,500 in August. Analyzing the monthly change in total whale holdings, CryptoQuant head of research Julio Moreno said that the supply had decreased by a net 147,000 BTC, worth around $16.5 billion at current market prices as of Wednesday. This represented a more than 2.7% decrease ... (full story)
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