Bitcoin Whales Sell Over $12 Billion in Past Month, Triggering Price Drop

Over the past month, Bitcoin whales have sold a staggering $12.7 billion worth of cryptocurrency, triggering a notable dip in Bitcoin prices and raising concerns about market stability. Cryptocurrency analysts suggest that this trend indicates increasing risk aversion among large investors, with their holdings having shrunk by over 100,000 BTC in the last month alone, according to CryptoQuant data. Experts warn that this selling pressure could continue to weigh on prices for the coming weeks.