Bitcoin prices have experienced a notable downward trend this week, breaching key support levels and potentially nearing the $94,000 mark. This decline coincides with reports of significant selling activity by large institutional investors like BlackRock. Despite recent weakness, key market data suggests that whales are actively accumulating Bitcoin, hinting at potential price momentum shifts. 24-hour trading data shows increased demand from whales, while net outflows of over $830 million highlight continued bearish pressure. This week’s selling activity has also triggered heavy liquidations in the form of long position liquidation worth over $634 million and further reinforces short seller losses.