Bitcoin Whales Dump 29,400 BTC at a Loss; Analysts Urge Calm
Bitcoin has come under selling pressure as short-term holders dumped 29,400 BTC at a loss and long-term holders distributed roughly 815,000 BTC across the past month. The volume of distribution has amplified volatility and sparked concern among traders, but the pattern—widespread selling alongside long-term wallet activity—matches behavior seen in prior bull-cycle corrections.
On-chain analysts argue the flows point to routine profit-taking rather than a structural market breakdown, suggesting this could cap near-term upside without signaling a sustained downtrend. That matters because it implies elevated price swings rather than outright collapse; traders should watch exchange inflows, funding rates and macro catalysts for confirmation, while longer-term investors may view the activity as redistribution during a broader bull phase.