BTC falls below $75K as whales net sell 50K BTC in two weeks

Bitcoin (BTC) has fallen below the $75,000 mark for the first time since its sharp decline following a tariff issue on April 7, 2025, according to Glassnode. The on-chain analytics firm noted that addresses holding between 10 and 10,000 BTC, which account for over two-thirds of the total Bitcoin supply, have net sold 50,181 BTC over the past two weeks. In contrast, small-scale investors holding less than 0.01 BTC have reportedly been buying the dip in anticipation of a price rebound. Glassnode added that until clear signs of accumulation emerge from these large-scale whales, Bitcoin's price is likely to remain in a bearish phase.