{"id":26483,"date":"2025-08-25T12:24:19","date_gmt":"2025-08-25T09:24:19","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=26483"},"modified":"2025-08-26T10:34:02","modified_gmt":"2025-08-26T07:34:02","slug":"bitcoin-slips-below-111300-as-whale-activity-surges","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-slips-below-111300-as-whale-activity-surges\/","title":{"rendered":"Bitcoin slips below $111,300 as whale activity surges"},"content":{"rendered":"<p>Bitcoin fell below $111,300. Ethereum slipped to about $4,500 after an attempt to test $5,000.<\/p>\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"587\" data-id=\"264491\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/BTCUSD_2025-08-25_12-12-06-1024x587.png\" alt=\"BTCUSD_2025-08-25_12-12-06\" class=\"wp-image-264491\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/BTCUSD_2025-08-25_12-12-06-1024x587.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/BTCUSD_2025-08-25_12-12-06-300x172.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/BTCUSD_2025-08-25_12-12-06-768x440.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/BTCUSD_2025-08-25_12-12-06.png 1438w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">15-minute BTC\/USD chart on Binance. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSD\">TradingView<\/a>.<\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"587\" data-id=\"264492\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/ETHUSD_2025-08-25_12-11-49-1024x587.png\" alt=\"ETHUSD_2025-08-25_12-11-49\" class=\"wp-image-264492\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/ETHUSD_2025-08-25_12-11-49-1024x587.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/ETHUSD_2025-08-25_12-11-49-300x172.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/ETHUSD_2025-08-25_12-11-49-768x440.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/ETHUSD_2025-08-25_12-11-49.png 1438w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">15-minute ETH\/USD chart on Binance. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BINANCE%3AETHUSD\">TradingView<\/a>.<\/figcaption><\/figure>\n<\/figure>\n<p>At the time of writing, bitcoin trades at $111,287 (-3% over 24 hours), according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\">CoinGecko<\/a>. The second-largest cryptocurrency <a href=\"https:\/\/www.coingecko.com\/en\/coins\/ethereum\">stands at<\/a> $4,577 (-4% over 24 hours).<\/p>\n<p>Amid the pullback, 24-hour liquidations reached $812.07 million.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXd6h9PWqrPj_fgi5NWAPtufoxhyQGkSSp772BSkKUBncXqPPd1FWtR2ynrz-MFQEpZl5rirwYrA_Ef9hOM8Xrkvpj1YpzkkgvGSgCDrZMYZ0puKLuY1n-w3P2v452z_4zCHhbmPQw?key=WJ6zJvvKK4MGBl5uOhO8ew\" alt=\"Bitcoin fell below $111,300 amid a surge in whale activity\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.coinglass.com\/LiquidationData\">Coinglass<\/a>.<\/figcaption><\/figure>\n<p>The drop followed a brief rally. The price of digital gold topped $117,000, and Ethereum reached $4,900. The market\u2019s rise was sparked by <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-surges-to-117000-following-fed-chairs-remarks\">comments<\/a> from <span data-descr=\"US Federal Reserve System\" class=\"old_tooltip\">Fed<\/span> chair Jerome Powell about a possible rate cut.<\/p>\n<p>Kronos Research CIO Vincent Liu told <a href=\"https:\/\/www.theblock.co\/post\/368060\/bitcoin-under-112700-whale-migration\">The Block<\/a> that the rally after the chair\u2019s remarks reflected thin liquidity rather than investor conviction. Once leverage was reduced and no new catalysts emerged, the momentum quickly faded.<\/p>\n<h2 class=\"wp-block-heading\">The legend of a mysterious whale<\/h2>\n<p>On X, users flagged a large bitcoin holder who allegedly sold more than 24,000 BTC over several days, triggering a sharp price drop. WhaleWire CEO Jacob King posted screenshots showing the 19D5J\u2026WoZ1C wallet moving 3,000\u20136,000 BTC to various addresses.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> flash crash today, which wiped out $310M in long positions, has been traced to a SINGLE Bitcoin whale dumping BTC for ETH.<\/p>\n<p>The whale sold 24,000+ BTC, including coins that hadn\u2019t moved in 5+ years, sending 12,000+ <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> today alone to the Hyperunite trading\u2026 <a href=\"https:\/\/t.co\/h5jEt92Sys\">pic.twitter.com\/h5jEt92Sys<\/a><\/p>\n<p>\u2014 Jacob King (@JacobKinge) <a href=\"https:\/\/twitter.com\/JacobKinge\/status\/1959724849598718428?ref_src=twsrc%5Etfw\">August 24, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He said most of the funds were rotated into Ethereum: $2 billion was bought and $1.3 billion sent to staking.<\/p>\n<p>According to <a href=\"http:\/\/blockchain.com\">Blockchain.com<\/a>, over nine days the whale moved 24,000 BTC in six transactions.<\/p>\n<p>According to the analyst known as MLM, the same whale uses other wallets to make additional Ethereum purchases on Hyperliquid.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">This guy is really rotating everything into ETH huh? <\/p>\n<p>So far he has sold 18.142K BTC worth $2.04B at current prices. <\/p>\n<p>He\u2019s now selling the last 5.968K BTC ($670M), of which 4.968K BTC ($678M) is still outside Hyperliquid. <\/p>\n<p>So far, the 2 entities have bought 416.598K ETH\u2026<\/p>\n<p>\u2014 MLM (@mlmabc) <a href=\"https:\/\/twitter.com\/mlmabc\/status\/1959711909931827276?ref_src=twsrc%5Etfw\">August 24, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In total, 275,500 ETH worth about $1.3 billion were staked, suggesting a long-term strategy.<\/p>\n<p>MLM says the whale also opened a long position on Hyperliquid for 135,263 ETH. His overall Ethereum position exceeded $2.6 billion. The strategy let him outpace other market participants and yielded $185 million in profit from trading the ETH\/BTC pair.<\/p>\n<p>At first, the value of his long positions rose as traders reacted to spot buying. When the whale began to close longs, market participants recognised the strategy and triggered a cascade of selling.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cHe essentially front-ran those who tried to front-run him,\u201d MLM concluded.<\/em><\/p>\n<\/blockquote>\n<p>The founder of TimechainIndex.com, known as Sani, noted that 152,874 BTC remain on the whale\u2019s other wallets.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8\ud83d\udea8\ud83d\udea8 This entity still holds a total of 152,874 BTC across all associated addresses, including 5,266 BTC in the address shown below. <\/p>\n<p>The funds originally came from HTX about six years ago and had remained inactive until recent transactions involving one of their addresses\u2026 <a href=\"https:\/\/t.co\/k9Z3Xmhz7E\">https:\/\/t.co\/k9Z3Xmhz7E<\/a><\/p>\n<p>\u2014 Sani | TimechainIndex.com (@SaniExp) <a href=\"https:\/\/twitter.com\/SaniExp\/status\/1959729580203475070?ref_src=twsrc%5Etfw\">August 24, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He said the funds were withdrawn from the HTX exchange about six years ago and remained dormant until 16 August.<\/p>\n<p>However, Liu of Kronos Research believes it is difficult to single out one culprit for the price drop. He suggested it was the result of several whales or an exchange with sizeable reserves, rather than a lone player.<\/p>\n<p>Analyst Willy Woo said bitcoin\u2019s slow ascent in the current cycle is due to selling by \u201cold whales\u201d. By his estimate, it takes more than $110,000 of new capital to absorb each bitcoin they sell.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Why is BTC moving up so slowly this cycle?<\/p>\n<p>BTC supply is concentrated around OG whales who peaked their holdings in 2011 (orange and dark orange).<\/p>\n<p>They bought their BTC at $10 or lower. It takes $110k+ of new capital to absorb each BTC they sell. <a href=\"https:\/\/t.co\/7CbWXsvX2l\">pic.twitter.com\/7CbWXsvX2l<\/a><\/p>\n<p>\u2014 Willy Woo (@woonomic) <a href=\"https:\/\/twitter.com\/woonomic\/status\/1959760960090235165?ref_src=twsrc%5Etfw\">August 24, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Woo noted that these investors accumulated most of their coins in 2011 at $10 or lower. The gap between their cost basis and the scale of their holdings exerts a significant influence on market dynamics.<\/p>\n<p>Earlier, Santiment <a href=\"https:\/\/forklog.com\/en\/news\/surge-in-fed-rate-discussions-highlights-potential-risks-for-crypto-market\">said<\/a> that the growing number of social-media mentions of a Fed rate cut could serve as a warning for the crypto market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin fell below $111,300, while Ethereum slipped to about $4,500 after an attempt to test $5,000.<\/p>\n","protected":false},"author":1,"featured_media":26484,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin fell below $111,300; Ether near $4,500 as liquidations hit $812m amid whale moves.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,46,1156],"class_list":["post-26483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-ethereum","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"292","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin fell below $111,300; Ether near $4,500 as liquidations hit $812m amid whale moves.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=26483"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26483\/revisions"}],"predecessor-version":[{"id":26485,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26483\/revisions\/26485"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26484"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=26483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=26483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=26483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}