Bitcoin Freezes Over $100,000 As OG Whales ‘Dump On Wall Street’: Expert
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币界网报道：Bitcoin's price remained stagnant around $43,000 as long-term holders, or "OG whales," began offloading their holdings, likely to capitalize on Wall Street's recent ETF-driven rally. On-chain data shows these veteran investors, who held BTC since prices were below $1,000, moved over 100,000 BTC to exchanges in January—the highest monthly volume since 2023. Analysts suggest this selling pressure, combined with Grayscale's ETF outflows, contributed to Bitcoin's 20% drop from its post-ETF approval high. Meanwhile, short-term traders are accumulating, hoping for a rebound. Market sentiment remains cautious as institutional inflows via ETFs struggle to offset the sell-off from early adopters.
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