Bitcoin Whales Are Pulling Back as Activity 'Mirrors' 2022 Bear Market: Analysts
60-second summary
Bitcoin whales are pulling back, with current activity mirroring the 2022 bear market as BTC fell precipitously, according to on-chain data. This trend is characterized by increased selling pressure from large holders, with 1,500+ addresses holding 10,000+ BTC now reducing their positions.
Current Bitcoin whale activity is similar in nature to the last bear market in 2022 when BTC fell precipitously, according to on-chain data.