Over the past year, the cumulative balance of large holders (wallets with 1K+ BTC) decreased by approximately 447K BTC, but these outflows were stretched across all 12 months. If they attempted to dump the entire yearly volume at once, the price would immediately collapse, so large players sell gradually: in short-term dynamics, maximum net sales didn't exceed 61K BTC over 30 days.

Nevertheless, the market can digest even 100K BTC if the sales are offset by bullish sentiment in futures and corporate purchases.