The post Are Whales Behind Bitcoin’s Slide? appeared on BitcoinEthereumNews.com. Home » Crypto Bits Bitcoin whales have sold 220K BTC in a year as key metrics The post Are Whales Behind Bitcoin’s Slide? appeared on BitcoinEthereumNews.com. Home » Crypto Bits Bitcoin whales have sold 220K BTC in a year as key metrics

Are Whales Behind Bitcoin’s Slide?

Home » Crypto Bits


Bitcoin whales have sold 220K BTC in a year as key metrics remain low, with analysts projecting a potential cycle bottom by late 2026.

‘;
}

function loadTrinityPlayer(targetWrapper, theme,extras=””) {
cleanupPlayer(targetWrapper); // Always clean first ✅
targetWrapper.classList.add(‘played’);
// Create script
const scriptEl = document.createElement(“script”);
scriptEl.setAttribute(“fetchpriority”, “high”);
scriptEl.setAttribute(“charset”, “UTF-8”);

const scriptURL = new URL(`https://trinitymedia.ai/player/trinity/2900019254/?themeAppearance=${theme}${extras}`);
scriptURL.searchParams.set(“pageURL”, window.location.href);

scriptEl.src = scriptURL.toString();

// Insert player
const placeholder = targetWrapper.querySelector(“.add-before-this”);
placeholder.parentNode.insertBefore(scriptEl, placeholder.nextSibling);
}

function getTheme() {
return document.body.classList.contains(“dark”) ? “dark” : “light”;
}

// Initial Load for Desktop
if (window.innerWidth > 768) {

const desktopBtn = document.getElementById(“desktopPlayBtn”);
if (desktopBtn) {
desktopBtn.addEventListener(“click”, function () {
const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);
if (desktopWrapper) loadTrinityPlayer(desktopWrapper, getTheme(),’&autoplay=1′);
});
}
}

// Mobile Button Click
const mobileBtn = document.getElementById(“mobilePlayBtn”);
if (mobileBtn) {
mobileBtn.addEventListener(“click”, function () {
const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);
if (mobileWrapper) loadTrinityPlayer(mobileWrapper, getTheme(),’&autoplay=1′);
});
}
function reInitButton(container,html){
container.innerHTML = ” + html;
}

// Theme switcher
const destroyButton = document.getElementById(“checkbox”);
if (destroyButton) {
destroyButton.addEventListener(“click”, () => {
setTimeout(() => {
const theme = getTheme();
if (window.innerWidth > 768) {
const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);
if(desktopWrapper.classList.contains(‘played’)){
loadTrinityPlayer(desktopWrapper, theme,’&autoplay=1′);
}else{
reInitButton(desktopWrapper,’Listen‘)
const desktopBtn = document.getElementById(“desktopPlayBtn”);
if (desktopBtn) {
desktopBtn.addEventListener(“click”, function () {
const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);
if (desktopWrapper) loadTrinityPlayer(desktopWrapper,theme,’&autoplay=1’);
});
}
}
} else {
const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);
if(mobileWrapper.classList.contains(‘played’)){
loadTrinityPlayer(mobileWrapper, theme,’&autoplay=1′);
}else{
const mobileBtn = document.getElementById(“mobilePlayBtn”);
if (mobileBtn) {
mobileBtn.addEventListener(“click”, function () {
const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);
if (mobileWrapper) loadTrinityPlayer(mobileWrapper,theme,’&autoplay=1′);
});
}
}
}
}, 100);
});
}
})();



Summarize with AI



Summarize with AI

Recent data shows that large Bitcoin holders are reducing their positions. Addresses holding between 1,000 and 10,000 coins have offloaded a total of 220,000 BTC over the last 12 months. This is the fastest drop in holdings by this group since early 2023. Similar behavior in past cycles came before market peaks.

Whale Holdings Show Steep Decline

According to CryptoQuant, wallets with 1K–10K BTC saw a sharp decline in holdings. These wallets are often linked to large investors who can influence price trends. CryptoBusy noted,

A drop of this size was last seen in 2021–2022, when whale holdings fell by over 822,000 BTC. That decline happened shortly before Bitcoin’s price peaked. In contrast, during growth phases like 2020–2021 and 2023–2024, these wallets added over 400,000 BTC. The recent move could mean reduced interest in holding large amounts of BTC at current levels.

Meanwhile, the MVRV ratio, which compares Bitcoin’s market value to its average buying price, has stayed below 2. In past cycles, the ratio climbed above 4.5 before major tops. In 2013, 2017, and 2021, these high levels marked overheated conditions.

As of now, the MVRV ratio is close to 1.6. The data suggests Bitcoin has not yet reached the kind of price levels that mark a cycle peak. CW8900, an on-chain analyst, said:

Bitcoin Price Outlook Points to Lower Support

Based on past trends, Bitcoin could move lower before forming a new base. Chartist Ali Martinez believes the cycle bottom will form in around 267 days, and the expected range is between $38,000 and $50,000. Past corrections in 2018 and 2022 lasted one year and dropped over 75% from the highs.

You may also like:

This cycle’s peak is estimated near $126,000. A 70% drawdown would bring Bitcoin down to around $37,500. Prior outlooks also noted that if selling pressure increases, the price may first move toward $70,000 in the short term before testing lower levels.

Whale Activity and Market Signals

Large wallets on Binance, Coinbase, and Kraken showed net buying yesterday. CW8900 observed that “they then pushed the price down with small sell volume,” which could suggest continued accumulation at current prices. The market is also watching for the upcoming US CPI release.

Bitcoin briefly touched $92,400 earlier this week before pulling back to around $91,500. It is now trading at $92,000 (per CoinGecko data). Over the last seven days, the price is down 2%. As previously reported, the RSI has dropped below 60, which traders often watch as a shift in trend strength.

SPECIAL OFFER (Exclusive)

SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).

Source: https://cryptopotato.com/220000-btc-vanish-in-a-year-are-whales-behind-bitcoins-slide/

Market Opportunity
Bitcoin Logo
Bitcoin Price(BTC)
$92,390.05
$92,390.05$92,390.05
+0.79%
USD
Bitcoin (BTC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.