Crypto Market Enters Selling Phase as Whales Offload Bitcoin
Recent insights from Glassnode reveal a significant shift in the cryptocurrency market. Bitcoin has moved into a selling phase as larger investors, commonly known as “whales,” begin to sell off their holdings. This follows a remarkable surge above $100,000 after the political changes from the recent elections. Glassnode highlighted that these movements indicate a distribution phase is underway, suggesting that investors should closely monitor market behaviors in the coming weeks. This trend emphasizes the importance of understanding whale movements as they can influence market stability significantly.
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