Recently, BTC has been fluctuating between 62k and 65k, **some old whales (wallets before 2018)** show signs of large transfers (such as $2.4B dormant BTC waking up), possibly for OTC bulk transactions or redistribution, leading to short-term increased selling pressure.

Institutions/large holders are still accumulating at low levels, with large long positions on platforms like Hyperliquid continuously increasing, but the overall ratio of whale selling/inflow to exchanges has risen, indicating divergence (some taking profits vs. bottom-fishing).
ETF outflows have continued to reach nearly 4 billion, but on-chain data shows whales have not sold off massively, more likely signals of “whale washouts + low-cost buying.”
#btc #eth