U.S. WHALE ACTIVITY DRIVING RECENT SELLING PRESSURE

With the ETF market still closed at the time of these transactions, the significant selling pressure we're witnessing appears to originate directly from American whale operators working outside traditional ETF channels. This offshore activity reveals important patterns in how major market participants are positioning themselves, independent of institutional ETF flows. The distinction matters for understanding true liquidity dynamics and what's really driving current market movements in the crypto space.