Whales moved $60 billion in Bitcoin — could selling push BTC to $60,000?

Bitcoin is consolidating after recent volatility, trading within a neutral structure and confined to a $65,000–$70,000 range. The asset sits around $66,188 after slipping below the $67,394 level, and price action over the past two weeks has formed a symmetrical triangle that shows no clear directional bias.

On-chain HODL-wave data shows younger holders are choosing to HODL rather than exit positions: supply held by investors aged one to three months has declined by 5% and moved into the three- to six-month cohort. Coins aging into longer-term categories tends to support price stability and reduce short-term distribution.

By contrast, large holders have moved roughly 900,000 BTC — about $60 billion — since February 13, a level of activity that could presage further selling. Significant distributions can raise overhead resistance and, in a range-bound market, increase the risk of supply shocks that tip the balance toward downside pressure.

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