I personally would say that some faction doesn't want BTC to rise just yet. Retail and dolphins seem to be buying whule whales sell everything away. all the news is great. At this point I believe that the bears are treading trend lines instead of following news.
Be well!
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The illustration does not resemble the fact of proportioning
the price action doesn't make sense from someone of my investment and income level, and these big sales often happen when there is good news. it's just kind of weird to be sure.