Bitcoin price slide imminent? Whales sell 147,000 BTC

Large Bitcoin investors, also known as whales, have transferred unusually large amounts of BTC in recent weeks. On-chain data from CryptoQuant shows net outflows of around $16.5 billion. This equates to approximately 2.7 percent of total whale holdings.
CryptoQuant chief analyst Julio Moreno explained on X that this represents the largest 30-day decline among these investors since the beginning of the current cycle. Moreno called this “one reason for the decline in Bitcoin's price.”
Further on-chain data suggests that these may predominantly be investors who have been active in the market for a long time. However, it is not entirely clear whether the massive movements actually represent sales or merely transfers between wallets.
Demand from the institutional side, however, remained stable. Bitcoin spot ETFs also continue to record inflows. Furthermore, the so-called “shark” investor class—investors who hold between 100 and 1,000 Bitcoin—recently saw a significant increase in demand. A massive price drop therefore seems unlikely.

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