Is Bitcoin Supply Moving To Strong Hands? Whale Data Suggest Structural Shift

Bitcoin continues to struggle to reclaim the $70,000 level, with persistent selling pressure keeping the market in a defensive posture. Price action has repeatedly failed to establish sustained momentum above this psychological threshold, reflecting cautious sentiment among both institutional and retail participants. While volatility has moderated compared with the sharp declines seen earlier in the cycle, the broader structure still suggests a market searching for direction rather than entering a clear…