Bitcoin Price May Be Due for Another Sell-Off as June Recovery Mirrors November 2025 Move

A recent Bitcoin whale withdrawal of 2,341 BTC worth $144.68 million from OKX may not be an isolated incident, as exchange reserves have been shrinking lately.

According to crypto on-chain analyst data, accumulation has been persistent despite 'deeply unfavorable' demand conditions. The 200-week moving average and the 200WMA quantile metric suggest that Bitcoin may be nearing the depths of the current bear market.

The price action in recent days has been firmly bearish, with a weak recovery in June mirroring November 2025's move. A comparison of press time price action with that of November 2025 indicates another sell-off and a flush towards the $53K-level may be possible.