Bitcoin News

Story: Whale sell-off drives Bitcoin to its most critical support zone of 2025

By Pankaj K

1 / 15

Whale-driven sell pressure sets the tone. Bitcoin’s sharp retracement has been heavily influenced by large holders exiting positions at a…

2 / 15

Miner capitulation amplifies the decline. Whales and institutions aren’t the only contributors.

3 / 15

Technical indicators point to persistent downward risk. Multiple trend indicators continue to show sellers in control.

4 / 15

The $88,000 level becomes a critical test. Market analysts now view $90,000 as the first psychological barrier and $88,000 as the key…

5 / 15

What comes next?. For now, investors are watching to see whether selling will ease or intensify.

6 / 15

Bitcoin has entered one of its most turbulent phases of 2025, with a wave of large-scale sell-offs placing heavy downward pressure on the market.

7 / 15

At press time, Bitcoin was trading at $92,229, showing a modest 0.38% daily gain. However, this small uptick has done little to offset the broader slump, with BTC still down 11.

8 / 15

One of the most notable exits came from early adopter Owen Gunden, identified by Lookonchain.

9 / 15

Institutional players have also played a role in increasing market anxiety. BlackRock deposited 6,735 BTC — valued at $616 million — into Coinbase Prime.

10 / 15

Whales and institutions aren’t the only contributors. Bitcoin miners, already operating under reduced profit margins because of lower network fees and price volatility, have…

11 / 15

Mara Holdings, one of the most prominent publicly listed Bitcoin mining firms, deposited 644 BTC — worth $58.7 million — to FalconX and Coinbase Prime.

12 / 15

Across whales, institutions and miners combined, a staggering 9,878 BTC — worth $902.7 million — was distributed in the past 24 hours alone.

13 / 15

Multiple trend indicators continue to show sellers in control. Bitcoin’s SMI Ergodic Oscillator has remained negative for nine straight days, with a reading of –0.03 at press time.

14 / 15

Another tool — the Relative Volatility Index (RVI) — has stayed below the 50 level for eight consecutive days.

15 / 15

Still, recovering the bullish structure is not impossible. Based on current chart structures, Bitcoin would need a daily candle close above $93,428 to flip short-term sentiment…

The Currency Analytics

Want the full story?