Did Bitcoin Bottom at $80K? Whales Hint at More Downside

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Whales with 1,000+ BTC are still selling, while mid-sized wallets (10–1,000 BTC) quietly accumulated the dip.

Bitcoin (BTC) slipped to around $79,500 in mid-November after an 11-day slide from roughly $106,000, according to data from CryptoQuant, but a sharp bounce toward $88,000 has traders debating whether the market has just printed a local bottom.

The rebound comes even as large holders continue to offload their BTC, and futures markets show signs of heavy stress that have not been seen since the FTX collapse in 2022.


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