Bitcoin whales moved 29,400 BTC in sales that resulted in losses, coinciding with broader divestments that affect market liquidity and short-term sensitivity. This operation, followed by massive liquidations, is relevant for institutional investors, product teams, and compliance departments due to its impact on prices and systemic risk.
Short-term holders sold 29,400 BTC at a loss, while in the same period long-term holders recorded an approximate selling volume of 815,000 BTC, according to movement counts. Other reports place whale sales around 115,000 BTC, equivalent to $12.7 billion, indicating drops that pushed Bitcoin below psychological levels such as $100,000, $98,000 and $96,000.
Meanwhile, these drops triggered more than $1 billion in termas of liquidations in a single day, raising the fear index among investors. “Whales” are entities or addresses with holdings large enough to move the price if they sell or buy in significant volume.
Context and impact of the Bitcoin sale
For the analysts, there´s a lot to interpret as much of these sales as profit-taking and portfolio rebalancing rather than an abandonment of the asset. In fact, simultaneous accumulation is recorded: around 45,000 BTC were accumulated by certain large actors, especially in price areas below $107,000, describing a capital rotation dynamic.
Notable leveraged trades are also observed: a reported short position of $340 million, another short of $84 million oriented to Solana and Bitcoin, and a long bet of $54.5 million at 20x opened around $106,538. These tactics underscore that much of the flow responds to trading and hedging strategies.
The operational conclusion for product and investment teams is twofold: monitor key levels —especially $107,000— and prepare for liquidity events induced by leveraged positions. At the macro level, analysts set the evolution of global liquidity and possible changes in monetary policy as the next milestone, which could condition flows toward digital assets.
