Some Bitcoin whales sold at a lower price and overlooked profit chances. Could this lead to short-term downward pressure on the market?has risen to higher levels, new data suggested that whales did not secure the most favorable deals for their Bitcoin.According to recent data, the average price at which big Bitcoin whales who’ve been actively trading in the last month sold their BTC is $40.5K.
This indicates missed profit opportunities. Their actions might contribute to short-term downward pressure. OTC desks are places where large Bitcoin transactions happen directly between parties, often used by miners and big investors for substantial trades. The cautious approach of miners in utilizing OTC desks could also signal concerns about market conditions, potentially influencing broader investor sentiment and contributing to a more uncertain price trajectory.
Source: Digital Coin News (digitalcoinnews.net)
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