Major Bitcoin holders have begun transferring substantial amounts to exchanges, triggering liquidations reminiscent of the turmoil during the FTX exchange crisis in 2022.
Large Bitcoin holders, commonly known as whales, are offloading significant portions of their holdings onto crypto exchanges. This selling activity has led to widespread liquidations, with market behavior showing similarities to the 2022 FTX collapse, when investor panic and forced sell-offs caused steep declines in cryptocurrency valuations. Analysts suggest that such whale movements often precede major price volatility as liquidity spikes and leverage positions unwind rapidly.