{"id":71720,"date":"2025-09-08T10:36:08","date_gmt":"2025-09-08T07:36:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=71720"},"modified":"2025-09-08T10:42:45","modified_gmt":"2025-09-08T07:42:45","slug":"bitcoin-whale-selling-hits-highest-level-since-july-2022","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-whale-selling-hits-highest-level-since-july-2022\/","title":{"rendered":"Bitcoin whale selling hits highest level since July 2022"},"content":{"rendered":"

Over the past month, large holders of digital gold sold more than 115,000 BTC worth $12.7bn \u2014 the highest since July 2022, noted<\/a> CryptoQuant analyst using the pseudonym caueconomy.\u00a0<\/p>\n

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Change in balances of large holders (1,000\u201310,000 BTC). Source: CryptoQuant.\u00a0<\/figcaption><\/figure>\n

This dynamic signals \u201cstrong caution among large investors\u201d. Selling peaked on 3 September: within a week whales liquidated more than 95,000 BTC \u2014 the most since March 2021.\u00a0<\/p>\n

Amid selling pressure, bitcoin briefly dipped below $108,000.\u00a0<\/p>\n

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\u201cWe continue to observe large players reducing their portfolios, which could keep pressuring the leading cryptocurrency in the coming weeks,\u201d they said.<\/p>\n<\/blockquote>\n

Early this month, Bitcoin Magazine CEO David Bailey accused<\/a> two whales of \u201cstalling\u201d digital gold.\u00a0<\/p>\n

At the time of writing, bitcoin trades around $111,200, up 0.5% over the past 24 hours.\u00a0<\/p>\n

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BTC\/USDT hourly chart on Binance. Source: TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n

LVRG Research director Nic Raak noted<\/a> that institutional investors and ETF demand \u201ccounterbalance the sell-offs\u201d. They support market resilience, preventing the leading cryptocurrency from slipping below current levels.\u00a0<\/p>\n

According to him, whale activity limits bitcoin\u2019s short-term upside. The fundamentals remain solid, Raak stressed.\u00a0<\/p>\n

\n

\u201cTraders should watch whether institutional support on dips outweighs whale pressure, though ultimately macroeconomic triggers \u2014 for example, the Fed<\/span>\u2019s September rate decision \u2014 could set the market\u2019s overall direction,\u201d he added.\u00a0<\/p>\n<\/blockquote>\n

Last week, spot bitcoin ETFs attracted $246m. Public companies continued to accumulate the cryptocurrency but slowed<\/a> the pace.\u00a0\u00a0<\/p>\n

\"\u0421\u043d\u0438\u043c\u043e\u043a
Weekly flows for spot bitcoin ETFs. Source: SoSoValue<\/a>.\u00a0\u00a0<\/figcaption><\/figure>\n

A Fed rate cut may not spark a rally\u00a0<\/h2>\n

The 17 September meeting will decide the policy rate. Market participants assign a 100% probability to monetary easing.\u00a0<\/p>\n

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Source: CME FedWatch<\/a>.\u00a0<\/figcaption><\/figure>\n

Some experts say a rate cut could trigger<\/a> a sharp bitcoin rally next quarter. Others remain unconvinced about a potential rally or a new all-time high.\u00a0<\/p>\n

\n

\u201cThe US jobs report did strengthen expectations of a more accommodative Fed, which typically supports risk assets like bitcoin. However, the market has partly priced this in. We\u2019re seeing profit-taking by institutional players, and ETF inflows remain relatively subdued,\u201d said BTC Markets analyst Rachel Lucas in a comment to The Block<\/a>.\u00a0<\/p>\n<\/blockquote>\n

She added that the combination of these two factors is restraining bitcoin\u2019s upward momentum.\u00a0<\/p>\n

Kronos Research CIO Vincent Liu agrees that even with a rate cut, the price of the leading cryptocurrency may remain under pressure.\u00a0<\/p>\n

\n

\u201cAbsent stronger ETF inflows or a genuine expansion in liquidity, levels above $120,000 remain a difficult barrier,\u201d he stressed.\u00a0<\/p>\n<\/blockquote>\n

What to watch\u00a0<\/h2>\n

According to Lucas, the leading cryptocurrency\u2019s key support currently sits at $110,000.<\/p>\n

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\u201cAs long as bitcoin holds above this level, market structure remains constructive. Resistance sits at $113,400; subsequent levels are $115,400 and $117,100. A break above these barriers would suggest the market has absorbed recent selling pressure and is ready to re-test the highs,\u201d she explained.\u00a0<\/p>\n<\/blockquote>\n

Beyond the Fed meeting, analysts also recommended watching other factors:\u00a0<\/p>\n

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\u201cFrom on-chain metrics, we see stablecoin volume near record highs, creating \u2018dry powder\u2019 for possible growth. At the same time, bitcoin and Ethereum balances on exchanges are declining, which reduces near-term selling pressure,\u201d Lucas said.\u00a0<\/p>\n<\/blockquote>\n

Among external factors, she highlighted regulatory changes, including work by the SEC and CFTC<\/a> on unified rules for the crypto market.\u00a0<\/p>\n

Earlier, a bitcoin trader pointed<\/a> to a \u201c2024-style\u201d bear trap. He said the leading cryptocurrency is preparing for a \u201cserious short squeeze\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"

Over the past month, large bitcoin holders sold more than 115,000 BTC worth $12.7bn \u2014 the highest since July 2022.<\/p>\n","protected":false},"author":1,"featured_media":71721,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Analyst predicts selling pressure on bitcoin to persist in the coming weeks","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1205,569,1249,1156],"class_list":["post-71720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptoquant","tag-etf","tag-federal-reserve-system","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"258","promo_type":"1","layout_type":"1","short_excerpt":"Analyst predicts selling pressure on bitcoin to persist in the coming weeks","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/71720","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=71720"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/71720\/revisions"}],"predecessor-version":[{"id":71722,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/71720\/revisions\/71722"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/71721"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=71720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=71720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=71720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}