In the past three months, whale addresses with 100–10,000 BTC have dumped approximately 150,000 BTC.
With key stakeholders taking profits and confidence in buying the dip staying high, traders who were overzealous about a quick Bitcoin rebound back to all-time high levels were punished with further price declines.Although Bitcoin (BTC) has subtly bounced since dropping below $34,000 in late January, its price is still down 20% in the last 30 days.