#Bitcoin briefly rose to $94,000 earlier this week but has since fallen below $90,000, marking a 1.1% decline in the last 24 hours. The recent drop is being driven by whales and large holders selling their #BTC .


🦈 Whales Take Profits

Large $BTC holders, particularly on Binance, are actively offloading their assets during market rallies, creating additional selling pressure. This trend suggests that experienced traders are exiting positions, potentially limiting Bitcoin's short-term upside.


📊 Whale Activity at a 3-Month High

Whale deposits have hit a 3-month high, with $ 7.3B flowing into Binance over the past 30 days. These moves are shaping Bitcoin’s price fluctuations, as whales strategically sell into rising prices.


👀 Looking Ahead

The question remains: will this selling pressure continue, and will Bitcoin see more downside in the short term? Stay tuned as the market reacts to these big players' moves.

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March 08, 2025 at 3:52 AM
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