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Bitcoin whales sold 18,447 BTC worth $1.42B amid price consolidation and potential upside squeeze.

Technical Signals
23 May 2026
Blockonomi
View Source
Bullish
pluang ai news

Bitcoin whale wallets have offloaded 18,447 BTC valued at about $1.42 billion over 96 hours, signaling strategic profit-taking or portfolio shifts at elevated prices. This reduction comes as downside liquidity near $74,000 has mostly been cleared, leaving a thin support zone around $73,500. Meanwhile, significant short liquidation clusters near $78,000 suggest a strong upside target, potentially triggering a price squeeze as forced short closures add buying pressure. The market is poised between a shallow downside and a heavier upside move, indicating possible volatility ahead.

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