CryptoQuant Analyst: This Morning's Bitcoin Plunge Selling Pressure Came from US Whales

Odaily News CryptoQuant analyst Mignolet stated that the market recently experienced the strongest CPG (Coinbase Premium Gap) selling premium in quite some time. He pointed out that since the Bitcoin ETF market was not open during the relevant period, this selling pressure did not originate from ETFs but rather from US whale addresses operating outside the ETF system.

Mignolet further indicated that this type of CPG selling premium led by US whales is one of the traditional selling patterns that have occurred multiple times in the past.