Bitcoin prices are difficult, as whales have caused 540 million dollars to empty

Bitcoin has seen a sharp decrease in the price this week, as it decreased from 95700 dollars to less than 80,000 dollars. Crypto King seems to be inconsistent, as the large wallet holders, known as whale, have benefited from low prices, and sold a large amount of BTC.

This sale exacerbates the situation for investors who are already reeling from the downward trend.

Bitcoin holders spend

Whales and sharks, especially the wallets with 10 or more BTC, were active in the market, where about 6813 coins were thrown, at a value of approximately $ 540 million, since last week. This is the biggest decline since last July and acts as a decline, indicating that there can be a decrease in prices in the store.

Despite the pressure pressure, the possibility of accumulation of these older bearers can indicate a possible market reflection. Historically, these whales tend to influence the market significantly, so their actions should not be overlooked, as they may also start accumulating at lower levels once the market stabilizes.

The total feelings are still negative, but it is important to consider that this behavior can also indicate a shift in the strategy. If these big investors begin to accumulate BTC again, this may indicate a long -term confidence Bitcoin capabilities.

Looking at the broader market, the recent decline of Bitcoin was accompanied by great losses. Between February 25 and 27, more than $ 2.16 billion of losses have been achieved, and it comes mainly from those in the modern market.

Among these losses, approximately $ 927 million – 42.85 % of the total young regiment – in just one day. It ended with the losses that were identified for the largest loss for one day since August 2024. This large sale of new investors is a worrying sign, as it can deter more participation in the market.

These losses reflect the harsh reality of the fact that the new participants in the market are facing great setbacks, which may reduce investor confidence in general. As long as this trend continues, it may significantly affect Bitcoin price restoration. This can exacerbate the emotional feelings in the market.

BTC price is struggling

Bitcoin is currently Trading at $ 79,539, after he has already lost $ 80313 support. Given recent developments, BTC is likely to test the next support level at $ 76,741. This level was historically as a major point, as some hopes of a recovery of prices.

However, if the pressure pressure continues and the investor’s confidence weakens more, Bitcoin may decrease to less than 76,741 dollars and approach $ 71,529. The decrease to this level would expand the losses significantly and deepen the downward view of the encrypted currency.

To nullify the thesis of the landing and stimulate the potential recovery, Bitcoin should Restoring $ 80,313 support and paved its way to $ 85,000. If this happens, it may indicate the beginning of the reflection and the possibility of recovery.