Bitcoin Whale Sells $486M Worth of BTC Amid Price Consolidation

An anonymous Bitcoin whale has sold 7,513 BTC worth approximately $486.9 million over the past three weeks, according to data from Bitcoin.com.

The sell-off has drawn attention from market analysts, who suggest that the activity likely stems from short-term investors more sensitive to price fluctuations.

Market on-chain signals indicate that while this particular whale has reduced its holdings, long-term holders have increased their share of the total supply to a record high, highlighting a growing divide between short-term traders and long-term investors.

'Short-term holders are often more reactive to price swings, especially when the market is range-bound,' said one market observer. 'The fact that long-term holders are at record levels suggests that the overall sentiment among the most committed investors remains bullish.'