According to analysts, the bitcoin whale has sold up to $12.70 billion worth of bitcoin in the past month, and if the sell-off continues, it could further depress its price in the coming weeks.
"The trend of major bitcoin network participants reducing their holdings is continuing to intensify, reaching the largest token distribution of the year," Caueconomy, an analyst at CryptoQuant, noted on Friday. They added that the whale's reserves had fallen by more than 100,000 bitcoins in the past three decades, "indicating a strong risk aversion among large investors".
This selling pressure is "punishing the price structure in the short term," ultimately pushing the price below $108,000. As of Saturday, it was the largest whale sell-off since July 2022, moving 114,920 bitcoins in 30 days, worth about $12.70 billion at current market prices, according to CryptoQuant.
Bitcoin Whale sold 115,000 BTC in the past month, the largest sell-off since mid-2022
2025-09-08 04:58:37
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