Bitcoin's Neutral Phase: Whale Activity Raises Concerns Over Price Decline

Bitcoin is currently experiencing a neutral consolidation phase, trading between $65,000 and $70,000 without a clear trend. According to NS3.AI, significant whale selling, amounting to approximately 900,000 BTC valued at $60 billion, has heightened concerns about potential price declines toward $60,000. Despite these concerns, the dynamics of aging holders and dip buying suggest possible support levels. The next directional move for Bitcoin will likely depend on whale activity and transitions among mid-term holders.