Record-breaking Bitcoin whale selloff, 280k BTC offloaded in 30 days
Whales, the largest holders of Bitcoin (BTC), have been selling the most BTC ever recorded on a 30-day basis. Over the last 30 days, these whales have offloaded a total of 280,000 BTC, according to Glassnode on-chain data. It is estimated that whales currently hold around 9 million 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. These large holders of Bitcoin have a significant influence on the market, and such selling activity can impact the price of BTC. Whales holding 1,000 to 10,000 BTC have 3.6 million BTC.
Source
https://t.me/InvestmentTradingUpdates
