$117,674 to $103K: Bitcoin Price Risks Brutal 12% Crash as Whales Sell
Bitcoin price crash signals are getting pretty intense right now, and honestly, the data looks concerning. At the time of writing, BTC is trading around $117,674, as CoinGecko reveals, but several on-chain indicators suggest that whales selling Bitcoin could actually push prices down toward $103,000 levels. That’s a brutal 12% drop that could happen if long-term holders bitcoin continue booking these massive profits, along with the Bitcoin market correction patterns we’ve been seeing. Source: CoinGecko Also Read: $4.3 Trillion Bombshell: JPMorgan Eyes Loans Backed by Crypto Holdings Why Whales Selling Bitcoin Could Trigger A Sharp Market Correction Source: Watcher.Guru Long-Term Holders Are Actually Dumping Right Now The figures are worsening and Bitcoin investors who have long held out (Bitcoin holders with more than 155 days) are selling out more than twice what they had invested. On July 21, SOPR (Spent Output Profit Ratio) reached 1.96, and these holders are selling almo...