Bitcoin Sell-Off Led by Mid-Cycle Wallets While Long-Term Whales Hold Firm: VanEck

The recent sell-off in Bitcoin has been primarily driven by investors holding mid-cycle wallets, according to insights from VanEck. In contrast, long-term holders, often referred to as "whales," are maintaining their positions and showing resilience in the face of market fluctuations. This divergence in behavior highlights the contrasting strategies between shorter-term traders looking to capitalize on price movements and long-term investors who are confident in Bitcoin's future potential and are choosing to hold onto their assets despite the current volatility. source: https://www.coindesk.com/markets/2025/11/20/bitcoin-sell-off-led-by-mid-cycle-wallets-while-long-term-whales-hold-firm-vaneck