The post Bitcoin Sell-Off: Who’s Really Dumping It? appeared first on Coinpedia Fintech News
Lately, there has been a huge sell-off in Bitcoin amid the uncertain macro environment and fears of a trade war driven by Trump tariffs. But who are these selling the Bitcoins? Is it the institutions, whales or the retailers dumping it? Lets find out.
Its Not The Whales!
According to @Crazzyblockk, an analyst featured by Cryptoquant, the recent Bitcoin sell-off is not driven by whales or long-term holders. Instead, the selling is mostly by small to mid-sized traders (called shrimps to sharks) and people who have held Bitcoin for a shorter period, who are behind the market pressure. Notably, the kind of selling is common during highly volatile times and is known as a “shakeout”, where weaker players panic and sell, often before a price rebound.
Data from Cryptoquant shows that over the past 15 days, short-term Bitcoin holders have been sending around 930 BTC per day to exch
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