Bitcoin News
By Pankaj K
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Whale Distribution Hits $12.7 Billion in August. According to CryptoQuant, large holders controlling between 1,000 and 10,000 BTC sold between…
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Market Stabilization After Peak Selling. Despite the scale of distribution, recent on-chain trends suggest the selling frenzy may be slowing.
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Technical Patterns Point to Caution. While Bitcoin has stabilized in the short term, analysts warn of potential bearish setups ahead.
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Institutional Investors Step In. Amid whale distribution, institutional players and corporate treasuries have stepped up to absorb…
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Macro Factors Remain Key Drivers. The broader outlook for Bitcoin remains closely tied to global liquidity conditions and U.S.
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Outlook: Crash or Consolidation?. As of now, Bitcoin remains down about 11% from mid-August highs near $124,000.
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Bitcoin (BTC) has entered a volatile phase after major whale wallets unloaded more than 115,000 BTC in August, marking the largest distribution event in over two years.
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According to CryptoQuant, large holders controlling between 1,000 and 10,000 BTC sold between 112,000 and 115,000 BTC in August. Valued at roughly $12.
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The same cohort of whales had accumulated more than 270,000 BTC between April and August, only to reverse their strategy by aggressively offloading holdings.
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The sell-off pushed Bitcoin prices down 5.5% in August, breaking a four-month winning streak and briefly dragging BTC below the $109,000 level.
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Since then, the pace of outflows has slowed to about 38,000 BTC per week as of September 6. Currently, Bitcoin is consolidating in a narrow range between $111,700 and $112,000,…
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Additionally, traders point to an unfilled Fair Value Gap (FVG) around $114,000, which could act as resistance if Bitcoin attempts to reclaim higher levels.
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The technical picture, therefore, reflects a fragile balance: a breakout above resistance could restore momentum, but failure may trigger another wave of declines.
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For example, Japanese investment firm Metaplanet Inc. added 136 BTC to its holdings in early September, bringing its total treasury to over 20,000 BTC.
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Nick Ruck, Director at LVRG Research, emphasized that institutional demand could “stabilize the market even in the face of aggressive whale selling.
The Currency Analytics
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