Bitcoin has seen a plummet of almost 7% today as on-chain data shows the miners have continued to apply their selling pressure.

On-chain data shows the largest of the Bitcoin whales have switched to selling recently, a potential sign that these investors think the top is in.

Bitcoin has plunged below $42,000 as on-chain data shows the miners have continued their recent selloff, distributing another 1,000 BTC.

On-chain data suggests the Bitcoin HODLers have remained stalwart recently, not selling despite the rally beyond the $44,000 level.

On-chain data shows signs that the Bitcoin whales have been selling as the cryptocurrency has observed a surge above the $31,000 level.

On-chain data shows that spending from Bitcoin long-term holders has spiked recently.

On-chain data shows the Bitcoin “mid-term holders” have been selling, which may explain why the price has struggled recently.

On-chain data shows the Bitcoin short-term holder behavior has continued to display divergence from the price in recent weeks.