bitcoin whale, Quantum rsiks. Photo by BeInCrypto Bitcoin’s sharp correction from $110,000 to around $80,000 is linked to heavy selling by early whales with cost bases near $16,000. CryptoQuant CEO Ki Young Ju notes that on-chain metrics indicate Bitcoin is now in the "shoulder" phase of its cycle, suggesting limited short-term upside potential. This selling is overwhelming institutional demand from ETFs and MicroStrategy, shaping the cryptocurrency’s 2025 outlook. In an interview with Upbit's Upbitcare, ...