This is an AI generated Episode that will discuss a video, podcast or read an article. The source provides an analysis of the recent trend of Bitcoin whales selling their holdings, examining whether this activity signals a market top or merely a typical phase of the bull cycle. Analysts from Glassnode suggest that the selling pressure from long-term holders is characteristic of a late-cycle profit-taking pattern, which is normal and does not indicate a sudden mass exodus. Conversely, Kronos Research agrees the market is in a late-cycle phase, characterized by cooling momentum and profit rotation, but argues the cycle is not necessarily topped as long as liquidity remains resilient and buyers absorb the supply. Meanwhile, BTC Markets points to the historical four-year cycle pattern, suggesting a plausible market top may have been reached, though they also note that new demand dynamics from ETFs and corporate treasuries might be eroding the reliability of these historical cycles. Overall, the consensus leans toward the selling being an expected late-cycle distribution, though there is debate on whether the market has peaked or if current macroeconomic factors are simply slowing momentum. .Want to read the article your self? Check the original source: https://cointelegraph.com/news/bitcoin-whales-selling-could-mean-late-cycle