The post Bitcoin Faces Immense Pressure As Whales Dump $600M Worth BTC Last Week appeared first on Coinpedia Fintech News
Bitcoin is facing immense pressure and has been consolidating around the $59,000 price range. Ali Martinez, a renowned investor and on-chain analyst, has revealed that Bitcoin whales are becoming bearish in recent days. He disclosed that some of the biggest Bitcoin whales have sold over 10,000 BTC in the last week, which is estimated to be worth around $600 million. Such sell-offs typically result in notable price dips. BTC is already stuck in a crucial phase and selling pressure like this can worsen the situation even further.