According to Capriole Investments, wealthy Bitcoin investors who held $BTC for more than seven years are selling their coins at every significant rise. This situation has been observed over the past two months. With their actions, they are preventing the strengthening of the bullish trend. Blockchain data indicates that old whales are getting in the way of a bullish rally starting in the Bitcoin market in 2026. Judging by the chart published on the Capriole Investments portal, the old whales—meaning wealthy investors who held $BTC for more than seven years—were selling a large amount of coins as soon as an upward trend appeared over the last two months. The highest activity of the wealthy big players since January 10, 2026 was recorded on April 5, when they got rid of Bitcoin worth $271 million.