Bitcoin Whales Spark Price Volatility as 170K BTC Transfer Hints at Big Moves

While Bitcoin’s price hovers above $84,000, a recent shift in the ownership structure suggests potential volatility in the near future. CryptoQuant data reveals that short-term holders have started selling their Bitcoin on the blockchain. This coincides with a declining trend in exchange reserves. These factors point towards market consolidation as whales’ activity influences the crypto market.