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Bitcoin has retraced over 10% from its all-time highs, with analysts pointing to coordinated whale selling as the primary catalyst. Despite the pullback, institutional accumulation continues to reshape market dynamics, with public companies now holding 6% of BTC’s supply. Experts suggest the sell-off may be temporary, with price targets remaining bullish above $150,000.
- Two unidentified whales liquidated approximately 200,000 BTC total, contributing significantly to the 10% price correction
- Public companies now hold over 6% of Bitcoin's total supply, reducing volatility and acting as private sector quantitative easing
- JPMorgan analysis shows corporate treasuries accounted for nearly two-thirds of Bitcoin purchases among major buyers in July
📎 Related coverage from: newsbtc.com