Sell-off alert: Bitcoin whales are ‘increasingly cashing out’
Bitcoin (BTC) has had an impressive performance in the past two weeks, breaking the previous all-time high of $69,000. This movement rewarded investors 40% gains in 15 days, and Bitcoin whales started realizing profits by “increasingly cashing out.” In particular, Ali Martinez spotted the profit-realization attitude through Glassnode data. The on-chain analyst posted the sell-off alert for Bitcoin on X on March 12. Notably, the number of Bitcoin whales holding 1,000 BTC or more dropped 4.83% in the last two weeks. According to Martinez, this scenario suggests these big investors have been “ increasingly cashing out” during the nearly 40% price surge. Picks for you $1000 invested in DOGE at start of 2024 returned 22 mins ago Leveraging small investments: Strategies for limited budgets 22 mins ago JPMorgan CEO estimates 65% chance of a recession 47 mins ago 3 cryptocurrencies to turn $10 into $1,000 in March 2 hours ago “Recent data reveals...