A recent report from Bitcoinist highlighted a disturbing trend among early Bitcoin investors that could explain why the cryptocurrency’s price has been in a perpetual state of decline. According to data from on-chain data analytics platforms, these early Bitcoin whales , who hold thousands of BTC, had begun selling their considerable stash. But even after a month of consistent dumping, it seems these large investors are far from done, and more pain could be ahead.

Bitcoin Whales Dump Billions Of Dollars On The Market

As the Bitcoinist report showed, two early Bitcoin whales began moving their holdings into centralized exchanges back in October. This selling continued into the new month, and by the first week of November, these two whales had sent more than 16,000 BTC to exchanges. In

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