According to Crypto Rover, BTC experienced significant selling pressure on June 12, 2025, as highlighted by abrupt price drops and high trade volume (source: @rovercrc). On-chain data from Glassnode confirms that a large portion of recent Bitcoin sales originated from short-term holders and institutional wallets, indicating possible profit-taking and risk management strategies. This shift in the Bitcoin market suggests increased volatility for traders, with potential impacts on BTC support levels and short-term trading opportunities (source: Glassnode, CryptoQuant). Traders should closely monitor on-chain flows and order book depth for potential entry and exit signals.

According to Crypto Rover, on-chain data shows a significant decrease in Bitcoin deposits by whales onto exchanges, indicating a notable reduction in selling pressure. This trend suggests that large holders are less inclined to sell at current price levels, which historically precedes upward price movements. Traders are closely monitoring these whale activities as they often provide early signals for potential volatility and bullish momentum in the Bitcoin and broader cryptocurrency markets. Source: Crypto Rover, Twitter, May 17, 2025.