The recent behavior of institutional investors and Bitcoin exchange-traded fund (ETF) holders indicates a relatively stable market with minimal selling pressure expected in the near term. Despite the recent drop in Bitcoin’s price below $60,000, current data suggests that these major players are not positioned for significant sell-offs, which could have indicated a local bottom for Bitcoin’s price. According to CryptoQuant, short-term Bitcoin whales—defined as investors holding at least 1,000 BTC for no more than 155 days—show an unrealized profit of only 1.6%. This minimal gain contrasts sharply with long-term holders of the same Bitcoin volume, who have been holding
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