On-chain data shows roughly 62,000 BTC have moved out of long-term storage since mid-October, softening one of this cycle’s strongest tailwinds. But steady whale accumulation and a moderate short-side cleanup helped prices stabilize near $114K.
source https://www.coindesk.com/markets/2025/10/27/asia-morning-briefing-bitcoin-holds-above-usd114k-as-whales-absorb-supply-and-shorts-rebalance
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