Insider Selling Hits Billions While Bitcoin Holds Strong Above Key Support

• Insider selling has surged, with executives offloading billions, signaling caution despite Bitcoin’s bullish structure.
• Bitcoin’s ascending trendline remains intact, showing strong buyer interest and potential for further gains.
• Market stability persists as Bitcoin avoids panic selling, reinforcing an accumulation phase before a possible breakout.

Massive insider selling activity has raised concerns as Bitcoin holds above key support levels, reinforcing its bullish trend. Doctor Profit highlighted insider selling, contradicting the popular “buy the dip” sentiment. Executives, board members, and major shareholders have been offloading large amounts of stock. The data, covering the last 60 days, shows a substantial gap between sell and buy transactions.

The chart reveals that sell transactions exceed buy transactions by a wide margin. On multiple occasions, insider selling surpassed $3.5 billion in a single day. The data suggests that smart money is liquidating rather than accumulating at current levels. Consequently, heavy selling pressure remains a dominant force in the market.

Clusters of sell-offs indicate repeated liquidation by insiders. Additionally, very few buy transactions appear, with only minor green bars signaling purchases. Hence, the ongoing trend suggests a cautious outlook among corporate insiders.

Bitcoin Maintains Bullish Momentum Despite Market Uncertainty

Crypto Caesar offers a positive outlook on Bitcoin based on its robust price movement. The weekly chart for Bitcoin displays an upward trendline that offers support. An upward trajectory was confirmed each time the price bounced back after testing this trendline.

A recent correction saw Bitcoin retrace towards a gray-highlighted support zone. However, the price quickly recovered and remained above the trendline. The stability at this level suggests strong buyer interest, preventing a breakdown. Moreover, Bitcoin has been forming higher highs and higher lows since early 2023.

The projected price path anticipates further gains. Historically, similar consolidations near the trendline led to sharp upward movements. Additionally, steady trading volume supports the bullish narrative. No extreme spikes indicate panic selling, reinforcing market stability.The current phase suggests an accumulation period before a breakout. Bitcoin’s trendline holds ensuring structural integrity. Hence, the long-term trajectory is upward, with periodic corrections strengthening its position.