📉 Whales are ramping up Bitcoin distribution, triggering market alerts
Big Bitcoin holders are slashing their positions at the fastest rate recorded in 2026, a signal that's catching the eye of analysts and investors due to its similarity with patterns seen during the bearish phase of early 2022.
According to data from CryptoQuant, selling pressure from whales continues to rise as Bitcoin struggles to reclaim key technical levels. This dynamic is closely monitored because the moves of these major players can significantly impact liquidity and overall market sentiment.
One indicator reflecting this downturn is CryptoQuant's Bull Score Index, which dropped to 20 points, a zone classified as "extremely bearish." The indicator lost momentum after Bitcoin failed to reclaim its 200-day moving average, located near $82,400, a level heavily watched by institutional traders and long-term holders.
According to analyst Julio Moreno, the next relevant support level is around $70,000. In a scenario of further weakness, estimates point to a potential market floor zone between $56,000 and $60,000, levels that could become points of interest for participants looking to spot opportunities during a deep correction.
Despite the current outlook, market evolution will depend on factors such as institutional demand, flows into Bitcoin-linked investment products, macroeconomic conditions, and the behavior of long-term investors.
The upcoming price movements will be crucial in confirming whether this is a temporary correction within the bullish cycle or the start of a more prolonged bearish phase.
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