Old whales cash their reserves! Bitcoin on the verge of correction to 90 thousand dollars?

Of course, it’s worth noting that a large portion of these transactions were simply iernal transfers to secure wallets or corporate treasury manageme, and only a small portion were actually transferred to exchanges and possibly sold. However, the coinued activity of whales has increased volatility and selling pressure in the market and has attracted the atteion of retail investors.

Technically, Bitcoin is trading in a “bearish flag” pattern, and a break of the $100,650 support could pave the way for a decline to around $90,000, equivale to a roughly 12% drop from curre levels. Investors should watch out for whale behavior and key level breaks; Because this trend can influence the market and weaken bullish seimes.