Leading digital asset Bitcoin is under heavy pressure this week as key market players retreat from both derivatives and spot accumulation, raising the risk of a slide toward $105,000. On-chain data shows that key holders have slashed their exposure in perpetual futures by double digits over the past seven days. At the same time, a group of large Bitcoin holders has slowed their accumulation pace, adding to the bearish pressure weighing on price momentum. Top Traders Slash Futures Exposure, Whales Retreat BTC’s steady dip in the past week has triggered a steep reduction in perpetual futures positioning among key holders, highlighting waning confidence in the coin’s near-term outlook
source: https://beincrypto.com/bitcoin-price-faces-risks-as-whales-sell-and-futures-exposure-falls/