Bitcoin long-term holders and whales began to reduce their holdings of Bitcoin on November 7. Everyone should pay a little attention to this signal. Of course, short-term holders are entering the market; do you know what this means? New investors who do not understand this could incur significant losses. I will analyze this in the upcoming video.

Weekly Report: Whales and long-term holders are exiting, Bitcoin market is booming

https://chainalert.me/view/research/20df4c

On-chain data shows that the net position changes of Bitcoin long-term holders have continued the downward trend from last week, consistently showing negative values since mid-October. As the BTC price breaks through $70,000, the reduction in holdings by long-term holders has noticeably accelerated, displaying a stable net outflow pattern, indicating that some whales and long-term holders are choosing to take profits at high levels. This reduction in holdings weakens the supply base, and if it continues, it may exert further downward pressure on the market.