According to @ai_9684xtpa, on-chain data reveals that an entity named Trend Research has deposited a total of 27,454.4 ETH into exchanges over the past 12 hours. This action is reportedly linked to the entity reducing its leveraged position on the Aave protocol to take profits. The source suggests that these deposits are happening in batches and are expected to continue, potentially indicating sustained selling pressure on Ethereum (ETH) in the near future.

According to analyst @ai_9684xtpa, a single, large-scale sell-off of an asset like Bitcoin (BTC) may be more advantageous for a long-term holder than a gradual liquidation. The analyst posits that a prolonged selling strategy, such as the one employed by the German government, allows institutional and retail traders to consistently short the asset in a bearish environment, which ultimately pushes the average sale price significantly below the market rate. In contrast, a quick, massive dump is more straightforward for the seller and the subsequent deep correction from a new high could represent a prime buying opportunity for retail investors.

According to @rovercrc, a significant Bitcoin (BTC) whale, who has held a stash of 80,000 BTC since 2011, has executed a major sale. The entity reportedly sold 18,643 BTC, valued at approximately $2 billion. This transaction represents a substantial profit-taking event from a very long-term holder, potentially signaling to traders that early investors are beginning to realize gains at current price levels. Such a large sale could introduce significant selling pressure into the market, and traders will be closely monitoring for its impact on BTC's price stability and overall market sentiment.

According to @ai_9684xtpa, a significant Bitcoin whale has moved an additional 1,500 BTC, bringing the total value of recent transfers to over $2.1 billion. The source highlights that this amount is substantial when compared to Binance's entire 24-hour BTC spot trading volume of $3.3 billion. For traders, such a large-scale on-chain movement could be a precursor to a major sell-off, potentially introducing significant selling pressure and downside volatility to the Bitcoin (BTC) market.

According to @ai_9684xtpa, Galaxy Digital has been continuously depositing tokens onto exchanges. This activity coincided with a short-term price drop for Bitcoin (BTC) to $67,700. Such on-chain movements are closely watched by traders as they can signal an intent to sell, potentially increasing supply on exchanges and exerting downward pressure on the asset's price.

According to @lookonchain, a significant Bitcoin OG wallet, holding a total of 80,009 BTC valued at $9.46 billion, has initiated a large transaction. The wallet transferred 9,000 BTC, worth approximately $1.06 billion, to an address associated with Galaxy Digital. This on-chain movement is interpreted as a potential signal that the holder is preparing to sell a substantial amount of Bitcoin through Galaxy Digital's services, which could introduce significant selling pressure on the market.

According to @EmberCN, the Kingdom of Bhutan has transferred 749.3 Bitcoin (BTC), valued at approximately $86.36 million, to Binance in multiple transactions since June 30. The on-chain analysis indicates these transfers occurred at an average price of $115,254 per BTC. This movement of a significant amount of BTC to an exchange by a state-level entity could signal an intent to sell, potentially creating downward pressure on the Bitcoin market. The source also notes that Bhutan continues to hold a substantial reserve of 11,310 BTC, worth around $1.346 billion, making their future actions a key point of interest for traders.

According to @ai_9684xtpa, an address suspected to belong to the staking and validation service provider Arthapala is continuing to exert selling pressure on Ethereum (ETH). In the past hour, this address deposited another 4,120 ETH, valued at approximately $12.196 million, into an exchange. This activity is part of a larger trend observed since June 11, 2025, with the address having allegedly moved a total of 118,907 ETH, worth $202 million, for potential selling. The average price of these deposits was noted at $2,546. For traders, these significant and repeated transfers to exchanges signal strong selling intent, which could lead to increased price volatility and downward pressure on ETH.

According to @lookonchain, a significant Bitcoin whale identified by the address bc1q0l has deposited 1,000 BTC, valued at approximately $117.67 million, to the Binance exchange. This move is reportedly for profit-taking, as the whale had acquired a total of 2,100 BTC four months prior. The data indicates the whale's initial withdrawal from Binance was at an average price of around $84,861 per BTC, leading to a current total profit of $68.8 million on the entire holding. For traders, this large transfer to a centralized exchange could signal an intent to sell, potentially increasing selling pressure on the Bitcoin (BTC) market.

According to @EmberCN, a massive transfer of 70,000 ETH, valued at approximately $210.56 million, was moved from the HTX exchange to Binance within a short period. On-chain analysis reveals the transaction originated from an HTX Recovery wallet, which first redeemed 73,000 ETH from the Aave protocol before transferring the funds to an HTX hot wallet. Subsequently, the 70,000 ETH were sent to a Binance address. This significant movement of assets from one major exchange to another could signal preparations for a large sale, potentially increasing selling pressure and volatility for ETH on the market. Traders should monitor Binance's ETH order book for any unusual activity.

According to @lookonchain, blockchain data from Arkham Intelligence shows the Royal Government of Bhutan transferred 137.245 Bitcoin (BTC), worth approximately $14.77 million, to the Binance exchange on June 30. This transaction has raised concerns among traders about potential selling pressure, as Bhutan's total holdings are estimated at 11,924 BTC, valued around $1.28 billion. These holdings were primarily accumulated through state-backed mining operations with Bitdeer Technologies. The source suggests that such selling from large holders like Bhutan could be a key factor balancing significant corporate buying, potentially explaining why Bitcoin has not yet reached new all-time highs.

According to @FarsideUK, a new corporate treasury trend is emerging as profitable tech company Figma disclosed plans for $100 million in Bitcoin exposure, combining $70 million in Bitcoin ETFs with board approval for $30 million in spot BTC purchases. Marty Bent, founder of TFTC, views this move by a well-run, profitable company as an "incredibly bullish signal" that could make Bitcoin holdings "table stakes" for all startups, as cited in the report. This corporate buying comes as Bitcoin's price remains stable, trading around $108,600. Bitcoin analyst James Check explains this price stability by highlighting significant selling pressure from long-term holders, which he estimates peaked at 40,000 BTC per day. Check asserts that the market's ability to absorb this level of selling without a major price drop is a strong bullish indicator for BTC, countering fears of price suppression.

According to Glassnode, the recent sideways price movement of Bitcoin (BTC) is not due to market suppression but rather significant selling pressure from long-term holders. On-chain data, highlighted by analyst Checkmate, reveals that investors who have held BTC for three to over ten years are actively taking profits in the current bull market. This profit-taking creates a natural selling pressure that counterbalances buying demand, leading to the extended period of price consolidation and market boredom that traders are currently observing.

According to @rovercrc, citing a CryptoQuant weekly report, Bitcoin (BTC) miner revenues have declined to a two-month low of $34 million daily as of June 22. This drop is attributed to lower transaction fees and BTC's price action. The network hashrate has also seen a 3.5% dip since June 16, signaling increased pressure on miners post-halving. Despite these challenging conditions, there are no signs of miner capitulation or forced selling. CryptoQuant data shows that outflows from miner wallets have remained low, decreasing from 23,000 BTC per day in February to about 6,000 BTC currently, with no significant spikes in transfers to exchanges. Furthermore, mid-sized mining entities (holding 100-1,000 BTC) have actually increased their holdings by 4,000 BTC since March. This behavior suggests miners are holding their assets in anticipation of a price rebound, indicating a lack of selling pressure from this sector at current price levels.

According to @ki_young_ju, analysis from CryptoQuant indicates that despite Bitcoin (BTC) miner daily revenue falling to a two-month low of $34 million on June 22, there is no significant selling pressure from miners. The report highlights that while the network hashrate has dipped 3.5% since June 16, outflows from miner wallets have remained low, declining from 23,000 BTC per day in February to around 6,000 BTC currently, with no spikes in transfers to exchanges. Furthermore, data shows miner reserves are actually increasing; addresses holding 100 to 1,000 BTC have added 4,000 BTC since March. This suggests miners are holding their assets in anticipation of a price rebound rather than capitulating at current levels, removing a key potential source of market selling pressure.

According to Richard Teng, Bhutan is integrating Binance Pay into its economy to boost its high-value tourism sector, with over 1,000 merchants already onboarded to what Teng calls the "first national crypto payments system." This initiative aims to leverage Binance's user base, as crypto tourists reportedly spend nearly three times more than average visitors. From a trading perspective, Bhutan's recent transfer of 137.245 Bitcoin (BTC), worth approximately $14.77 million, to a Binance exchange wallet has raised concerns about potential selling pressure, according to data from Arkham Intelligence. This move, part of Bhutan's larger $1.28 billion BTC holdings, suggests that profit-taking by large state-level actors could be a key factor balancing the heavy corporate buying in the market and capping Bitcoin's price from reaching new all-time highs.

According to @_RichardTeng, Bhutan is advancing its economy by integrating Binance Pay for its high-value tourism sector, with over 1,000 merchants already onboarded. This initiative aims to leverage Binance's 40 million users and simplify payments for tourists. However, from a trading perspective, recent blockchain data from Arkham Intelligence raises significant questions. The Royal Government of Bhutan transferred 137.245 BTC, worth approximately $14.77 million, to a Binance exchange wallet on June 30. This transaction, from Bhutan's total holdings of nearly 12,000 BTC valued at $1.28 billion, has fueled speculation about potential selling pressure. This potential offloading by a major state-level holder could be a key factor balancing the heavy corporate buying in the market, providing a possible explanation for why Bitcoin (BTC), currently trading around $105,812, has not yet reached new all-time highs.

According to @rovercrc, despite Bitcoin (BTC) miner revenues falling to a two-month low of $34 million, there is a notable absence of selling pressure from this cohort. Data from CryptoQuant indicates that outflows from miner wallets have significantly decreased, and mid-sized mining entities have actually added 4,000 BTC since March, suggesting a long-term holding strategy. This lack of miner selling is contrasted by strong institutional demand, evidenced by JPMorgan filing for a crypto platform and Strategy purchasing over 10,100 BTC. BRN analyst Valentin Fournier supports this outlook, stating a high-conviction view that prices will grind higher in 2025 due to strong demand and weak sell pressure. For traders, a key technical level to watch is Bitcoin's 50-day simple moving average (SMA), which is currently acting as strong support.

According to @EmberCN, blockchain data from Arkham Intelligence shows the Royal Government of Bhutan transferred 137.245 bitcoin (BTC), worth approximately $14.77 million, to the crypto exchange Binance on June 30. This transaction has sparked trader speculation about potential selling pressure, as Bhutan's total holdings are estimated at 11,924 BTC, valued at around $1.28 billion. These holdings were primarily acquired through state-backed mining operations in partnership with Bitdeer Technologies. For traders, this move by a significant state holder could represent a source of supply, potentially counteracting recent corporate buying pressure and offering an explanation for why Bitcoin's price has not yet reached new all-time highs despite strong institutional demand.

According to @rovercrc, despite Bitcoin (BTC) miner revenues dropping to a two-month low of $34 million daily, there are no signs of forced selling or capitulation. A report from CryptoQuant highlights that outflows from miner wallets have remained muted, decreasing from 23,000 BTC per day in February to about 6,000 BTC currently, with no significant exchange transfer spikes. Furthermore, mid-sized mining entities have actually increased their holdings by 4,000 BTC since March. This resilience comes even as miners face mounting pressure from record-high network difficulty and a soaring hashrate, which TheMinerMag reports is pushing production costs towards $70,000 per BTC. This challenging environment has led to a decoupling in mining stock performance, with investors now scrutinizing individual company fundamentals, such as the expansion efforts by MARA and CLSK, rather than just tracking the price of Bitcoin.