Foreign Media: BTC Whale Profit-Taking Occurs but Selling Pressure Remains Moderate

Some whale investors have begun taking profits, reducing their Bitcoin holdings, but the strength of the selling pressure itself is not significant, according to AMB Crypto. The media outlet noted that over the past three weeks, on-chain indicators show a 0.2% decrease in whale holdings while individual investor groups saw a 0.09% increase. It appears that individuals are absorbing the whales' sell-off. However, individual investors' buying has yet to translate into strong FOMO-driven chasing of price increases. Technically, BTC continues to face strong resistance around $80,000, having started a sharp rise from $63,000 on August 19 but repeatedly failing to break through the $80,000 level. Conversely, $75,500 serves as a key support line, with momentum indicators showing some slowdown in upward movement based on RSI.