Bitcoin price dropped below $61,000 and triggered liquidations of $500 million worth of assets.Whales have accumulated over 50,000 BTC in the last 10 days, suggesting a bullish quarter may be approaching.The OTC desk balance has reached a 2-year high, indicating a possible sell-off and decline in Bitcoin price.Long-term trend suggests a potential parabolic run and market participants need to monitor Bitcoin price action.