Bitcoin whales sold $600M worth of BTC over the past week

Crypto analyst Ali Martinez reported that Bitcoin whales, holding between 1,000 and 10,000 BTC, have sold over 10,000 BTC ($600 million) in the past week, according to U.Today. Crypto writer Mushumir Butt noted that this substantial sell-off could lead to further price declines, especially given the recent market crash and $45.1 million in liquidations in the last 24 hours. With negative market sentiment and continued selling by whales, the bearish trend may persist unless significant buying support emerges, he suggested.