Analyst Jacob King of crypto newsletter WhaleWyre said via X that ‘Bitcoin whales have been quietly selling as the bear market approaches’. Super whales (10,000+ $BTC) have been net sellers since September last year, however, the pace of selling has accelerated over the last two weeks. Normal whales (1k-$10k $BTC) have also increased their selling.’ King is a well known Bitcoin skeptic who has consistently argued that ‘Bitcoin is worthless’.

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