Whales offload $4.3B in Bitcoin over the past week

Bitcoin (BTC) holders with balances between 1,000 and 10,000 BTC have offloaded more than 40,000 BTC ($4.3 billion) over the past week, according to BeInCrypto. Long-term holders are also moving their coins instead of keeping them in storage. If BTC fails to maintain support at $108,000, it could fall further to around $105,622 or even $102,734. Conversely, if institutional buying strengthens and exceeds the current selling pressure, BTC may have a chance to break past the $109,476 resistance level.