Bitcoin Falls Below Short-Term Average Price, Triggering Panic; Whales Continue Accumulating

On-chain analyst Murphy pointed out that Bitcoin's price has fallen below the short-term holder average price of $108,000, causing market sentiment to turn to panic. Low weekend liquidity may exacerbate volatility. Meanwhile, the Kraken exchange reduced 41,512 BTC between August 27 and 29, indicating that whales are continuing to accumulate during the price correction.