Bitcoin is going through a bearish phase with notable fluctuations.

- August 27: 7,788 BTC (1-3 months) and 75,228 BTC (3-6 months) were transferred after a long period of inactivity.

- August 28: 19,067 BTC (1 week-1 month), 1,863 BTC (1-3 months), and 1,614 BTC (18 months-2 years) were transferred.

- August 29: 23,345 BTC (1 week-1 month), 1,220 BTC (6-12 months), and 16,003 BTC (5-7 years) were transferred.

These movements could be a sign of preparation for selling, negatively affecting the price of Bitcoin.