- Analyst Jacob King reported that Bitcoin (BTC) whales are selling in anticipation of a bear market.
- He noted that super whales began selling last September, with the pace of selling accelerating over the past two weeks.
- This selling pressure has temporarily caused BTC prices to decline.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Jacob King, an analyst from the cryptocurrency newsletter WhaleWire, stated on the 8th (local time) via X (formerly Twitter) that "Bitcoin (BTC) whales are quietly selling as the bear market approaches," adding that "super whales started selling last September, and the pace has accelerated over the past two weeks."
He further added, "Regular whales are also gradually increasing their selling volume."
Jacob King is well-known as a Bitcoin skeptic who has consistently argued that 'Bitcoin is useless.'
Meanwhile, BTC is trading at $94,639.39, down 2.19% from the previous day, in the Binance Tether (USDT) market as of 04:25 on the 9th.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.PiCK News
U.S. January ADP Nonfarm Employment at 183,000... Far Exceeds Wall Street Expectations
51 minutes ago
Today, Major Exchanges See Inflow of 130 Billion USDC... "4 Times the Average Annual Daily Inflow"
2 hours ago
Bitcoin Mentioned Only Once... 'US Crypto Czar' Press Conference Leads to $100,000 Level Collapse
3 hours ago
Exchange Rate Fluctuates Amid Tariff Uncertainty... KRW-USD Rate Drops by 18.6 Won [Hankyung Foreign Exchange Market Watch]
6 hours ago![Exchange Rate Fluctuates Amid Tariff Uncertainty... KRW-USD Rate Drops by 18.6 Won [Hankyung Foreign Exchange Market Watch]](https://media.bloomingbit.io/prod/news/820bd538-f8c3-427f-b98c-2738f9b62503.webp)
US NCPPR "Intensifying Inflation... Companies Should Consider Hoarding Bitcoin"
6 hours ago
Ranking News