Crypto analyst: Bitcoin whales sell off at a loss, market sentiment is fragile.

CoinFeed reported on March 21 that crypto analyst Murphy published an article on the X platform reviewing market dynamics over the past week, revealing unusual Bitcoin fund flows: On March 11 and 13, when BTC rebounded to $70,000–$71,000, a group of whale addresses (each holding over 1,000 BTC) sold 24,867 and 17,818 BTC respectively. The shares sold on March 11 had an average loss of 50% compared to cost, while the shares sold on March 13 had a loss of less than 10%. Analysis shows that these shares originated from purchases made at low prices between May and July 2025 and early April, with some exiting after significant losses and others being exited after precise bottom-fishing.