Bitcoin News

Story: Bitcoin Whales Dump $12.7B in Biggest Sell-Off Since 2022

By MikeT

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Largest Whale Sell-Off in Over Two Years. According to data from CryptoQuant, whale reserves dropped by nearly 114,920 BTC over the last 30…

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Whale Balances and Market Impact. CryptoQuant defines whales as wallets holding between 1,000 and 10,000 BTC.

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Institutional Buyers Step In. Not all large players are reducing exposure. Some institutional investors have been quietly adding…

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Analyst Outlook: Cautious but Resilient. Despite the heavy whale sell-offs, some analysts remain optimistic about Bitcoin’s broader…

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What Could Come Next for Bitcoin. Traders are watching several key factors that could shape Bitcoin’s path in the weeks ahead:

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Zooming Out: Long-Term Strength Intact. While short-term volatility has rattled traders, the broader picture for Bitcoin looks far…

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Bitcoin whales have unloaded more than 115,000 BTC worth $12.7 billion in the past month, triggering the largest distribution of coins since July 2022.

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According to data from CryptoQuant, whale reserves dropped by nearly 114,920 BTC over the last 30 days. At current market prices, this amounts to around $12.

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CryptoQuant analyst “caueconomy” noted that the sell-off signals “intense risk aversion among large investors” and has been a major factor behind Bitcoin’s recent price weakness.

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As selling intensified, Bitcoin’s price briefly slipped below $108,000 before rebounding into a tight range between $110,000 and $111,000.

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CryptoQuant defines whales as wallets holding between 1,000 and 10,000 BTC. Over the last month, this group has steadily reduced exposure, with the sharpest weekly shift taking…

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On September 3, the seven-day change in whale balances hit more than 95,000 BTC, the highest weekly reduction since March 2021.

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Despite the slowdown, the sheer size of the distribution has left traders cautious. The market is now waiting to see whether buyers can absorb this wave of selling or if further…

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Not all large players are reducing exposure. Some institutional investors have been quietly adding Bitcoin during this period of volatility.

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According to Nick Ruck, director at LVRG Research, this divergence is helping balance out market dynamics.

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