Bitcoin Whales sold $16B worth of BTC at a price risk of $100K

The key takeaways

• Bitcoin whales bought and sold 147,000 BTC within the past thirty days.

• BTC price bear flag targets $100,000 if support breaks. 

BitcoinBTCAnalysts say that whales sold 147,000 BTC in the last month and continue to sell it could cause its price to rise further over the coming weeks.

BTC: Large investors sell $16.5 Billion in BTC

Bitcoin whales — entities holding a large amount of coins, usually 1,000 BTC or more — started to offload coins soon after BTC price hit new all-time highs Above $124,500 per month in August

Related: Bitcoin to ‘move up smartly again’ toward end of 2025: Saylor

CryptoQuant’s Julio Moreno is the head of Research at CryptoQuant and he analyzes monthly changes in total whale stockholdings. said The supply was down by approximately $16.5 Billion at the current market price as of last Wednesday. It was a decrease of more than 2,7% over the past 30 days.

“He added”

“Total balance declining at the fastest monthly rate of the cycle.”

Darkfost replied to the question. said The majority of the sellers were long-term holders (LTH).  

“LTHs continue to move coins,” Darkfost wrote in an X post on Monday, adding that the younger LTH cohort (6m–12m) has made more than 10 transfers since early September, each ranging from 8,000 to 9,000 BTC.

“Taking an average of 8,500 BTC per move with BTC priced at $115,000, this translates into roughly $10B in selling pressure on the market.”

Glassnode provides data that is comparable to other sources. shows The volume that these whales have transferred to the exchanges since August has been low, meaning that they are probably going somewhere else.

Bitcoin Treasury Companies have become some of the largest buyers over recent months. continue their aggressive accumulation. Metaplanet in Japan for example acquired an additional 5,419 BTCs last week. the fifth-largest Bitcoin holder. 

Michael Saylor’s Strategy added 850 BTC for $99.7 million Last week, its Bitcoin holdings totaled 639 835 BTC.

River, a crypto investment firm, also notes that as the accumulation of Bitcoin continues, companies hold more Bitcoins than ETFs. 

“Both will keep accelerating their accumulation.”

Business now holds more bitcoins than ETFs.

Both are going to keep increasing their accumulation.

What price are individuals willing to sell? pic.twitter.com/2xACLjHuyJ

— River (@River) September 23, 2025

While whale-selling exerts pressure on the sell side, robust ETF inflows Corporate Treasury Buys create a structural floorThey are currently taking advantage of the long term investors and whales who have been making profits. 

Bitcoin bear flag targets $100 BTC

BTC’s drop below $116,000 On Sunday, the bear flag On the daily chart, (see the below) which indicates the continuation of the downward trend.

Bitcoin bulls have also been unable to rely on the simple moving average (SMA), which is at $114.300 for 50 days, or the SMA, at $113.400 for 100 days, as this shows the intense pressure from the sellers.

Now, the bulls will be relying on the zone of support that lies between $112,000 to $110,000. The closing of a daily candlestick below this threshold would cause a new sell-off in the direction of the technical bear flag target at $100,000. This would be an 11 percent drop from current prices.

You can also find out more about the following: relative strength index The number of people who are unemployed has fallen from 61 in the past week to 44, indicating that the trend is downward.

You can also read about the advantages of using Cointelegraph reportedIf buyers get involved, bulls could regain ground at $106,000 if BTC prices continue to fall.

The article is not intended to provide investment advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making a final decision.