Bitcoin Market Experiences Unusual Whale Activity Amid Price Fluctuations

Bitcoin has witnessed significant whale activity, according to PANews. On March 11 and 13, as Bitcoin rebounded to $70,000-$71,000, whale addresses holding over 1,000 BTC each sold 24,867 and 17,818 BTC, respectively. The March 11 sale resulted in an average loss of 50% compared to the cost, while the March 13 sale incurred a loss of less than 10%. Analysis indicates these sales originated from purchases made at low points in May-July and early April 2025. Some investors exited with substantial losses, while others rotated out after precise bottom-buying. On March 17, Strategy acquired 22,337 BTC, absorbing much of the excess supply. Despite these movements, the market sentiment remains fragile, with investors holding BTC for nearly a year showing signs of dwindling patience. Future price rebounds may still trigger pressure from loss-incurring holdings.