Bitcoin's market is under pressure as whale holdings have decreased by 188,000 BTC over the past year, marking a shift from accumulation to distribution. This trend follows a strong accumulation phase in 2024, where over 200,000 BTC were added. The current sell-off is not limited to whales; Bitcoin mining firm Riot Platforms also sold 500 BTC, adding to the circulating supply and reinforcing downside pressure. The cryptocurrency is trading near a critical demand zone between $62,000 and $65,000. This level has previously acted as a support base, but with increased sell pressure from both whales and miners, its ability to hold is being tested. A breakdown of this zone could lead to a deeper correction, while strong demand could stabilize prices and trigger a rebound.