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Bitcoin fell from 124,000 to 84,000, and the Whale has stabilized its losses.
[Coin World] The recent Bitcoin market has been a bit exciting. It plummeted directly from the high point of $124,000 to $84,000, with a significant drop. According to on-chain data, the main players in this wave of decline are large investors who have recently entered the market. These whales have been continuously dumping their positions, with trading volume being quite fierce.
However, the current situation has eased somewhat. The realized losses of these Large Investors have gradually stabilized, and the large-scale dumping actions have temporarily come to a halt. This indicates that the panic selling pressure from earlier may be weakening. From the perspective of on-chain data, the behavioral changes of Whales often reflect turning points in market sentiment, and this signal is still worth paying attention to.