Over the past month, Bitcoin whales, the term for entities that hold upwards of 1,000 Bitcoin, have sold over $16 billion worth of coins. The selling is happening at the fastest monthly rate since Bitcoin’s last halving event, in 2024. “These whale sellings are generally not a good signal for the market especially if these sales come from long-term holders of bitcoin,” André Dragosch, European head of research at Bitwise, told DL News.