Sergey Diakov
⬤ On-chain data reveals Bitcoin whales are aggressively dumping their holdings. Addresses holding between 1,000 and 10,000 BTC collectively sold over 50,000 coins this past week—that's roughly $4.6 billion at current prices. The charts show whale supply trending down right alongside Bitcoin's weakening price action.
⬤ Here's what's happening: whale balances dropped from around 4.25 million BTC down to nearly 4.17 million BTC, while Bitcoin's price slid into the low $90K range. The synchronized move suggests these large holders are actively distributing coins into market weakness. Whether they're taking profits, repositioning, or reacting to macro concerns isn't entirely clear—but whale selling at this scale usually shows up during periods of heightened volatility or shaky market conviction.
⬤ Whale positioning shifts have historically shaped Bitcoin's short-term sentiment in major ways. These large holders control significant liquidity, so when they dump aggressively, it creates additional downward pressure. The data confirms BTC's recent pullback happened right as distribution intensified, reinforcing the cautious vibe among high-value addresses. That said, whale behavior can flip quickly—this current distribution phase doesn't automatically lock in future direction.
⬤ This decline matters because it shows real capital rotation among Bitcoin's biggest holders. Extended selling phases like this affect liquidity, momentum, and overall market sentiment. Whether whales keep dumping or finally stabilize will likely determine how Bitcoin trades in upcoming sessions—especially with macro catalysts, derivatives positioning, and potential inflow shifts all in play.
Sergey Diakov
