Bitcoin whales sell off $271 million! Should you be worried? Recently, a long-term holder (over 7 years) just sold $271 million worth of Bitcoin, marking the largest sell-off peak in months. Although market focus often centers on price fluctuations, the underlying data is equally worth paying attention to. Notably, a similar large-scale sell-off in January previously triggered a 13% pullback in Bitcoin, but this time the market's reaction has been different. On-chain data shows that despite selling pressure, long-term holders continue to accumulate Bitcoin. After months of heavy selling, Bitcoin holdings have increased by 88,000 coins. This sell-off is not panic selling but controlled profit-taking. As long as market demand continues to absorb this supply, Bitcoin can remain stable within the $70k to $72k range. No need to panic; this is just a normal profit-taking cycle. As demand keeps digesting the supply, Bitcoin can stay resilient within the key range.