The crypto market experienced a downturn in 2022, as institutions and whales sent Bitcoin to exchanges to sell. However, currently there is almost no whale movement on the stock exchange. Here are the important points:

- If there is bad news, you can sell Bitcoin by depositing it on an exchange, but to cause a big drop, it would take more bad news and fear than 2022, which seems unlikely.

- Considering that whales have not reacted at all to the latest negative news about the Federal Reserve's continuous tightening policy and possible war, it is unlikely that they will sell Bitcoin positions at the current price range unless there is bad news.

- If I were a whale holding BTC during the 2022 downturn, there would be no need to sell at current prices.

Written by Dan Lim