A whale sold 1,019 BTC for $66.4 million, bringing the total sold to 7,513 BTC for $486.9 million over three weeks. Empery Digital reduced its Bitcoin holdings by approximately 76%, having sold 1,635 BTC for $102 million since July, leaving only 325 BTC unencumbered. The company is forced to sell due to its declining stock price and losses on Bitcoin, with its shares down 37% YTD and 72% over the past year. Despite this selling pressure, Bitcoin is holding around $65,000, but technical indicators remain bearish as whales and treasury companies continue to sell.
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