๐๐๐ #bitcoin Whales Dump $2.22 Billion in #BTC๐ฅ๐ฅ in Just One Week ๐๐๐
- Bitcoin whales, or large holders of Bitcoin, sold off around 60,000 BTC, worth about $2.22 billion, in the past week.
- This sell-off may have been driven by Bitcoin reaching a new 2023 high of about $38,000, prompting some whales to take profits.
- Bitcoin miners have also been selling off their BTC holdings, with around 5,000 BTC worth about $175 million sold in the past few weeks.
- A bearish signal on the weekly chart from the Tom DeMark (TD) Sequential indicator suggests that Bitcoin could drop to $33,000.
Overall, the recent selling activity by Bitcoin whales and miners could be a sign that the cryptocurrency market is due for a correction. However, it is also possible that the market will continue to rise, especially if there is more institutional adoption of Bitcoin and other #cryptocurrencies.
