Bitcoin (BTC) whales appeared to have reignited market fears last week as reports circulated that long-term holders were offloading thousands of dormant coins, triggering a price dip below $104,000. But onchain analysts say the situation may not be as alarming as it looks. Bitcoin, currently trading at $106,332, is up 3.2% in the past 24 hours but remains nearly 19% below its all-time high of $126,000 reached on Oct. 6, according to CoinGecko data. The correction, which began in mid-October, has been widely attributed to selling pressure from “OG whales” — entities that have held their BTC for more than seven years. ... (full story)