Bitcoin whales are actively distributing coins in the $77,000 to $81,000 price range, following purchases made near $78,000. This activity coincides with a rise in exchange reserves, which have reached a monthly high, indicating potential selling pressure in the short term. The movement of large amounts of Bitcoin by whales often influences market dynamics, prompting caution among traders. The increase in exchange reserves suggests that some holders may be preparing to sell, potentially creating resistance if buyers cannot absorb the additional supply. Traders are advised to monitor the $77,000 to $81,000 range closely, as continued distribution by whales could slow price growth. While whales are not exiting the market entirely, their actions hint at profit-taking, necessitating careful observation of market signals.