Bitcoin Whales Continue Selling Amid Market Uncertainty

According to Odaily, Ki Young Ju, founder and CEO of CryptoQuant, has observed that Bitcoin whales have been selling billions of dollars since the cryptocurrency's price reached $100,000. Earlier this year, Ju predicted the end of the bull market cycle, but the influx of funds from MicroStrategy and Bitcoin spot ETFs delayed this outcome. He suggests that if these buying forces diminish, the market could once again be dominated by sellers. Despite the heavy selling pressure, Ju believes that if the macroeconomic outlook remains strong, it might be an opportune time for investors to buy during the dip.