Whale Exit Triggers Bitcoin Volatility, But Long-Term Bulls Remain Confident

A significant bitcoin selloff initiated by prominent whale James Wynn triggered a wave of liquidations across major exchanges, sending prices into sharp volatility. Despite this sudden drop after Wynn’s $800 million exit, the overall market remains bullish as long-term indicators continue to signal strength. Experts like chart analyst Gert van Lagen predict a parabolic Bitcoin run towards $380,000 by late 2025, fueled by a bullish megaphone pattern and Elliott Wave support.