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Bitcoin whales have reduced their holdings by over 100,000 Bitcoins in the past 30 days, setting the largest dumping record since mid-2022.
BlockBeats news, on September 8, CryptoQuant analyst caueconomy stated on Friday that in the past thirty days, the reserves of whales (holding between 1k and 10k coins) have decreased by more than 100,000 Bitcoins, indicating a strong risk aversion sentiment among large investors. Currently, it is still observed that the portfolios of major participants are decreasing, which may continue to put pressure on Bitcoin in the coming weeks. caueconomy mentioned that this selling pressure "has damaged the price structure in the short term," ultimately pushing the price below $108,000. According to CryptoQuant's data, this is the largest whale dumping since July 2022, with whales reducing their holdings of Bitcoin by 114,920 coins in the past 30 days as of Saturday.