Old whales exit, and new whales enter

Some early whales have recently sold — and that’s a fact. But the overall trend still shows an increase in whale holdings over the past year.
The difference now is liquidity:
In previous cycles, it was difficult for large holders to exit without a market crash. With ETFs, larger market caps, and institutional demand, they can finally take profits without breaking the price.
So, we are seeing a rotation in investments, not an exit:
🐋 Old whales reduce their exposure
🐋 New whales and institutions accumulate
🐋 Net whale holdings have started rising again since early November
This doesn’t seem to be the highest distribution level of 2021. It appears that one group is divesting while another is entering.
Supply is changing, not leaving the market.
#الحيتان #USGovShutdownEnd? #FOMCWatch ‌