According to CryptoQuant, Whales Have Stopped Selling in Bitcoin: 30,000 BTC Dropped in a Week! - Coin Newsletter

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According to data from CryptoQuant, the daily Bitcoin sales of large investors have decreased significantly. However, there is no strong recovery on the buying side yet.

Despite the recent decline in the cryptocurrency markets, the selling pressure of large investors has weakened. On-chain analytics platform CryptoQuant reported that the slowdown was due to investors selling at a loss as prices remained at low levels.

"Since the end of February, selling pressure from large investors has weakened as investors have been selling at a loss," CryptoQuant analysts said. The sales volume, which was around 800,000 BTC per day in late February, has now declined to around 300,000 BTC.

However, this slowdown does not mean a strong turn on the buying side. Large investors' BTC holdings have decreased by nearly 30,000 BTC in the past week. The monthly accumulation rate has fallen from 2.7% at the end of March to 0.5% now. This rate was recorded as the lowest level seen since February 20.

According to the analysis, institutional investors are trying to hedge their positions under the current uncertain market conditions. They continue to be cautious on the buy side until there is a clear directional signal.

BTC-0.93%
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