Bitcoin is experiencing significant selling pressure as both miners and whales offload their holdings amid recent price declines. Miners, who had previously reduced their exposure, are now selling into market rallies as part of a risk management strategy during volatile times. This activity is compounded by opportunistic whales who are also liquidating positions, further pressuring the market. The selling trend is exacerbated by lean Bitcoin reserves on exchanges, which heightens market volatility due to reduced liquidity. With limited Bitcoin available on exchanges, the actions of these large holders have a pronounced impact on prices, making the market sensitive to shifts in supply and demand dynamics. As the situation develops, the behavior of miners and whales will continue to influence Bitcoin's short-term price movements.