Data Shows Bitcoin Whales Have No Intent of Selling at Current Prices

Major Bitcoin whales have not sold any BTC for up to 5 years, suggesting they are optimistic about the asset’s long-term prospects. A large Bitcoin (BTC) whale holding 68,000 BTC ($523 million), has not moved the funds for more than five years and on-chain data shows other whales have similarly held onto their BTC for 4.7 years on average. Although Bitcoin is the top ranked cryptocurrency on CoinMarketCap, whales holding on to the digital asset without selling for years does not protect BTC from a steep downtrend. […]
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