In 2022, we can see that the market fell as institutions and whales sent Bitcoin to exchanges to sell.
But now, there is almost no movement of whales within the exchange. If bad news comes out, you can take a sell position by depositing Bitcoin into an exchange, but in order to cause a big decline, bigger bad news and fear must occur than in 2022, but that seems unlikely.
Considering that whales do not react at all to the recent negative news about the Federal Reserve's continuous tightening policy and the possibility of war, it seems unlikely that they will take a sell position at the current Bitcoin price range unless there is some bad news.
If I were a whale who was holding the BTC during 2022 drop, there would be no need to sell at the current price.
Written by Dan Lim
