Bitcoin Whales Continue To Sell—Here’s What It Means For The Bull Market

Bitcoin (CRYPTO: BTC) has dropped 16% over the past month, triggered by a wave of selling from long-term “OG” holders to smaller retail traders and institutions.

What Happened: A prominent market commentator said this type of distribution typically occurs near the late stages of bull cycles, as veteran holders take profits and new entrants absorb supply.

Even 10+ year holders, historically the strongest hands, are moving coins on-chain, marking the largest-ever transfer of BTC from old holders …

Full story available on Benzinga.com