While the downward momentum in the cryptocurrency market is slowing, large whales continue to sell Bitcoin. Here are the analysts' comments. Continue Reading: While the downward momentum in the cryptocurrency market is slowing, large whales continue to sell Bitcoin. Here are the analysts' comments. Continue Reading:

Whales Dumping Large Amounts of Bitcoin: Can the Market Recover?

2026/02/21 07:09
2 min read
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A notable development is occurring in the cryptocurrency markets regarding selling pressure. According to the latest report published by blockchain analytics company CryptoQuant, there has been a significant slowdown in Bitcoin transfers to centralized exchanges, while the selling trend among large investors continues unabated.

According to company data, on February 6th, as the Bitcoin price dropped to the $60,000 level, the amount of BTC deposited on centralized exchanges rose to approximately 60,000 BTC. However, looking at the average over the last seven days, this figure is said to have fallen to around 23,000 BTC.

The CryptoQuant report stated, “This slowdown indicates that the acute selling wave is easing. Although inflows to exchanges remain high compared to previous months, downward pressure has decreased. Lower exchange inflows mean less selling pressure on prices.”

Related News: Big Bull Michael Saylor May Be Forced to Sell Bitcoin

On the other hand, while total inflows to exchanges decreased, there was a significant shift in the composition of these inflows. CryptoQuant’s “Exchange Whale Ratio” indicator, which measures the ratio of the top 10 transfers to total inflows, reached 0.64, its highest value since 2015.

This ratio reveals that 64% of the total Bitcoin entering exchanges was invested by the top 10 investors. The company stated that this indicates that large investors are more active on the selling side.

CryptoQuant analyst J.A. Maartun, in his assessment in December, described 2025 as a period of “great redistribution.” According to Maartun, Bitcoins held by long-term investors are being transferred in waves to new investors. The analyst defined this process as “great redistribution.”

According to the report, the likelihood of a strong short-term upside in Bitcoin also appears limited. CryptoQuant’s previous analyses had indicated that the asset’s “ultimate bear market bottom is around $55,000.”

*This is not investment advice.

Continue Reading: Whales Dumping Large Amounts of Bitcoin: Can the Market Recover?

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