Recent on-chain analysis reveals that long-term Bitcoin holders, often referred to as ancient whales, have liquidated approximately 68,000 of their total 80,000 BTC holdings. This strategic divestment has left around 12,000 BTC, valued at roughly $1.38 billion, still retained in their portfolios. Such significant movement by these key market participants highlights a cautious approach amid evolving market dynamics. The retention of a substantial BTC reserve by these whales underscores their continued confidence in Bitcoin’s long-term value proposition, while their partial liquidation may reflect portfolio rebalancing or risk management strategies. This trend provides valuable insight into institutional behavior and liquidity patterns within the cryptocurrency ecosystem, offering investors a clearer perspective on supply-side pressures and potential market impacts.
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