Bitcoin Experiences Selling Pressure as Whales Transfer $3.15 Billion to Exchanges

Whale addresses holding at least 100 BTC transferred 44,459 BTC, valued at approximately $3.15 billion, to centralized exchanges in a single day. According to NS3.AI, these significant transfers have contributed to increased selling pressure on Bitcoin. The cryptocurrency is currently trading at $70,862, reflecting a decline of over 4% in the past 24 hours.