Bitcoin Treasury Firms Dump $150 Million Worth of BTC Amidst Ongoing Whale Sell-Off

Recent data from Bitcoin Treasuries reveals a significant drop in public miner and treasury firm holdings of Bitcoin (BTC). Over $150 million worth of BTC has been sold off, with Empery Digital and Riot Platforms leading the charge.

The sell-off comes on the heels of a broader trend of large investors' decreasing holdings. According to CryptoQuant, whale cohorts (investors holding 1K-10K BTC) have become net sellers, contributing to a 'structural selling pressure'. This trend has been ongoing since the 2024 bull market peak and has intensified in recent months.

The impact of this sell-off on the BTC price remains uncertain. However, it is likely that remaining smaller and medium-sized miners will benefit from the liquidation, as they are able to capitalize on the increased supply of BTC. Nevertheless, the pressure exerted by whale sell-offs may continue to put downward pressure on the price.