Crypto market under attack: large BTC holders sold $45 billion worth of assets

Over the past 30 days, large Bitcoin holders, known as “whales,” have sold approximately 400,000 BTC worth approximately $45 billion. This massive sell-off led to a 7.4% drop in the value of the cryptocurrency, the first since similar sales in October, when the reason was related to forced liquidation of positions. Now, however, it is a matter of spontaneous profit-taking among long-term investors, which is causing concern among analysts.

Source Coinpost

Analyzing the situation, CryptoQuant experts predict a possible drop in the value of Bitcoin to $72,000 by the end of the year if it fails to consolidate above $100,000. Capital flow dynamics and the behavior of major investors indicate a possible weakening of market trends, which may influence investors' future decisions.

In addition, Strategy, a leader in Bitcoin storage, has decided to issue new Series A Preferred shares to attract international investors. These actions are taking place against the backdrop of market revitalization and the emergence of new projects, such as the Ripple Prime service for institutional clients and the launch of Elon Musk's X Chat messenger, which further emphasizes the importance and dynamism of digital assets.