The Bitcoin price has been trapped in the same range since early July while equities, gold, real estate, and commodities like silver have all pushed to new highs. The question is why Bitcoin is lagging while nearly every other major asset is rallying.

Whale Activity Signals Bitcoin Price Distribution Pressure

On-chain data shows that whales holding more than one hundred bitcoin have recently begun transferring large amounts after years of inactivity. These movements have historically lined up with cycle tops or periods of heightened BTC volatility. This suggests that some of Bitcoin’s longest-term holders are realizing profits or rotating positions.

The current wave of transfers is…

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