Bitcoin price remains stalled around $112,000 after heavy selling by large holders, which drained liquidity and weighed on market sentiment. The data points to shipments of 147,000 BTC in the past month, valued at about $16.5 billion, the largest outflow of this cycle. At the same time, spot ETF outflows of Bitcoin and Ethereum on August 1 totaled $812 million, intensifying the pressure.
Concentrated selling by whales increased volatility and reduced liquidity, weighing on market mood. While the largest addresses secured profits, wallets holding less than 1 BTC up to tens of thousands bought and absorbed part of the supply, raising the debate about whether this is planned accumulation or just a pause before further declines.
What´s next for Bitcoin and the market?
Support at $112,000 is the level to watch. Whale sales close to 147,000 BTC and ETF outflows of $812 million contextualize the current pressure, with fragile sentiment and more coins “underwater” eroding short-term confidence.
The outcome depends on whether $112,000 holds: holding it would favor a rebound, breaking it would widen the correction.
