Bitcoin Sell Pressure Eases as Exchange Inflows Slow, but Whales Keep Dumping

Bitcoin sell pressure is easing as exchange inflows dropped from 60,000 BTC on February 6, 2026, to a seven-day average of 23,000 BTC, CryptoQuant reported. However, large investors continue to dominate selling, with the Exchange Whale Ratio hitting 0.64, the highest level since 2015. This metric indicates 64% of total inflows came from the top 10 transactions, signaling persistent whale distribution. Bitcoin has fallen 46% from its October 2025 all-time high of $126,080 to trade near $67,582. CryptoQuant suggests the ultimate bear market bottom may be around $55,000, citing diminishing stablecoin "dry powder" for buying support.