Wait for Them for Bitcoin Rise: So Far They Have Emptied 6,813 of Them! - Coin Bulletin

While the price of Bitcoin dropped to 82,000 dollars, the sale of 6,813 BTC by whales and sharks created pressure on the market, but their re-purchase could be a signal of recovery.

As the Bitcoin price dropped to $82,000 recently, the market's most significant players, the whales and sharks holding 10 or more Bitcoins, increased selling pressure. According to Santiment data, these large investors have sold a total of 6,813 BTC since last week, marking the largest asset dump seen since July last year.

In recent times, the cryptocurrency market has come under serious pressure and the price of Bitcoin has experienced a decline contrary to expectations. In particular, the movement of large wallets has increased anxiety across the market. Santiment noted that the continued sales of whales and sharks could sustain downward pressure in the market. However, the re-entry of this investor group could be an important signal for the recovery of prices.

In the cryptocurrency market, whales and sharks play a decisive role in price movements due to their large holdings. Santiment stated that the recent selling by these investors has had a negative impact on the overall market sentiment. Analysts highlighted that whales accumulating Bitcoin again could be considered a sign of recovery across the market.

Particularly, a trend towards buying may pave the way for Bitcoin price to rise again.