Bitcoin Slips Below $90K as Whales Step Up Selling

[johnblockbuster]

BTC exchange flows. Source: Amr Taha/CryptoQuant

Bitcoin fell below the $90,000 level during the New York trading session as large holders accelerated selling. Data from CryptoQuant shows whales deposited more than $400 million worth of BTC to spot exchanges in a single day — a move that typically signals preparation to sell rather than long-term holding.

At the same time, long-term holders have been steadily taking profits. Since mid-January, roughly 68,650 BTC per day has been sold, indicating a clear distribution phase after the recent rally toward $97,000. When whales and long-term holders sell together, downside pressure tends to persist until weaker hands are flushed out.

[lingriiddd]

whales sending to exchanges is never the vibe you wanna see