Recently, the Bitcoin market has shown some remarkable trends. It has been observed that last month, a large number of Bitcoin whales sold approximately 80,000 BTC within the price range of $114,500 to $118,500. This decision now seems quite prescient, even though they did not act around the $120,000 mark.

Latest data shows that just yesterday, these Whales dumped 24,000 BTC between 114,500 and 110,650 USD. Even considering today's Bitcoin price of about 110,000 USD, their selling timing still seems relatively good.

These large fund holders seem to possess an exceptionally keen market sense. It is worth noting that the Whale that dumped 80,000 BTC last month initiated their actions as early as a month ago. They did not wait for the widely expected $150,000 peak, which may suggest that breaking through $150,000 for Bitcoin before the end of the year is quite challenging. Some analysts believe that this goal may only be achievable in 2026, under a potential large-scale interest rate cut and liquidity easing environment.

The whale behavior of dumping 24,000 BTC yesterday is likely based on some internal information. Considering that these investors have held Bitcoin for as long as 14 years, far surpassing the 4-year period that ordinary investors struggle to maintain, their movements are worth paying attention to.

The market is currently showing a clear trend: each rebound is accompanied by a reduction in positions. This could indicate that Bitcoin is about to enter a 1-2 month adjustment period, similar to the market performance in March-April of this year. Investors need to closely monitor this potential washout process and respond cautiously to possible market fluctuations.