Whales dumping Bitcoin before a critical event like halving can be attributed to several factors:

1. Profit-taking: Whales, who hold substantial amounts of Bitcoin, may decide to cash out their profits before the halving event to secure gains accumulated during the bull run. They might anticipate a temporary dip in prices post-halving and choose to sell high before buying back at lower prices.

2. Market Manipulation: Some whales may engage in market manipulation tactics to create panic selling among retail investors. By triggering a sell-off, they can capitalize on lower prices to accumulate more Bitcoin before the anticipated price surge post-halving.

3. Hedging Against Uncertainty: Whales might perceive uncertainty surrounding the market sentiment post-halving and choose to hedge their positions by selling off a portion of their holdings. This helps them mitigate potential losses in case the market doesn't perform as expected after the event.

4. Diversification: Large investors, including whales, often diversify their portfolios to manage risk. Selling off Bitcoin before halving could be part of a broader strategy to reallocate funds into other assets or investment opportunities, thus reducing their exposure to Bitcoin's volatility.

Overall, while the dumping of Bitcoin by whales before halving may seem counterintuitive, it reflects their strategic decisions based on market conditions, profit-taking motives, and risk management strategies.$BTC $ETH $BCH

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