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Bitcoin Whales Flash Warning Signals as Price Stalls Near Peak

Bitcoin Whales Flash Warning Signals as Price Stalls Near Peak

Author:
Coindesk
Published:
2025-05-29 08:05:54
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Market movers dump holdings while retail FOMO lingers—classic bull trap behavior.

Whale wallets hemorrhage BTC as consolidation continues. Are they front-running another 20% haircut, or just taking profits before the suits on Wall Street ’discover’ volatility?

Meanwhile, traders cling to hopium: ’This time it’s different.’ Spoiler: It never is.

Trend Accumulation Score by Cohort (Glassnode)

Supporting evidence for this shift in behavior comes from exchange-flow data that shows whale wallets had been steadily withdrawing bitcoin over the past month, a bullish signal that implies they were not looking to sell their holdings in the short term.

This trend now appears to be reversing. In two of the past three days, whales have deposited BTC back onto exchanges, a pattern commonly associated with imminent selling activity.

Whales: Deposits vs Withdrawals (Glassnode)

This nuanced behavior raises the critical question: Are whales anticipating a local top?

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