Are Bitcoin whales preparing for the summit? Big investors moved to sales mode

On-Chain data shows that wallets, which hold more than 10,000 BTCs, are heading for sale and that they are starting to transfer to the stock markets. This can be the signal of a local summit expectation in the market.

Bitcoin price continued to be consolidated in the $ 107,000 - $ 109,000 band, while whales (wallets holding 10,000 BTC and above), one of the most influential actors in the market, began to reduce their positions. These wallets, which have been purchasing for a long time, have recently started to transfer BTC to the stock market and showed a strategic transformation that could trigger a potential wave of sales.

🧠 What does On-Chain Data Describe?

📉 The accumulation leaves its place to distribution

According to Glassnode’s Accumulation Trend Score data, whales have seriously reduced their purchase volumes in the last 15 days.

The score fell from 1.0 to 0.4 for large wallets. (1 = strong purchase, 0 = net sales)

Data measures all investor behaviors except mining and stock market wallets.

🕰️ Journey from the bottom to the summit in April

Whales began to accumulate when the BTC was at the level of $ 75,000 in April.

Now the price is approached to around 108,000 dollars, while profit realization or short -term cautious stance is thought to have started.

💸 BTC transfers to the stock market increased

In the last month, whales usually attract BTC from the stock exchanges, so they did not sell.

However, a large amount of BTC was sent back to the stock market twice in the last 3 days.

This style of movement is often seen as a harbinger of the near -term sales wave.

📊 Other wallet groups are still in purchase

Small and medium -sized investor groups still show accumulation behavior.

This shows that there is no bulk sales panic in the market yet, but that whales have changed strategic route.

❓ Has the summit arrived?

These moves of whales suggest that the market may have approached the summit in the short term. The price is still a few points below the highest level of $ 112,000, which is still the highest level of all time, but the leading investors are turning to profit sales at these points increases the risk of change.