Bitcoin Zilla (BTC), these wallets, with over 1,000 accumulated currency, have reduced reserves overall. They have sold over 100,000 BTC in the last 30 days, and in three years they have been Bitcoin’s biggest public exit by these large investors. It also puts weak pressure directly on the prices of digital currency.
This trend reflects an increase in risk aversion among the great owners of Bitcoin. As market analyst Oliveira sees it, the situation is “punishing short-term price structures” below US$108,000.
“At this point, we’re still seeing these cuts in our portfolio of key actors who can keep pushing Bitcoin in the coming weeks,” Oliveira said.
On his part, IT technology, a certified encrypted specialist, commented that after sales the total whales balance is below 3.36 million BTC.. He also warned that the actions of these investors became “deeply negative.” A month later.
«Price response is consistent with distributed pressure. When whales reduce exposure, they often show rotation or preparation for volatility,” the expert said.
Javier Espasa Peribañez, a master of cryptocurrency and decentralized finances, told Cryptooticia that the whale movement is just a “expected transparent position” from Bitcoin to Ether (ETH).
The specialist recalls that the market shows “there are a lot of whales with surplus value” and “revaluations occurring in BTC and other digital assets.”
“These are stages that emerged in previous bull markets,” he says, predicting Bitcoin will reach USD 180,000 by the end of this year.
“The global economic situation is creating even higher levels of liquidity than the liquidity generated by the Covid-19 pandemic,” Espasa said. “This very high liquidity means Bitcoin is stronger because it goes to the cryptocurrency market at a high rate,” he adds.
Analysts also rule out that the whale sales movement will have a negative impact on BTC prices rather than in the short term. This is because institutional money supplements these bearish movements in their opinion of whales.
«ETFs sent billions, and the market money typology was very different. In my opinion, positively,” he says.
Strategic Relocation
Espasa’s vision is consistent with Doris Yau, Bitcoin Market Analyst and Cryptocurrencies. For her,” he said in a dialogue with this helpful portal –; The recent movement of BTC whales is essentially “strategic rearrangement.” It’s not a panic action in the market.
Yau says there are three key points that support this idea. The first is capital reversal from the Bitcoin network to the Ethereum Network. He recalled that the whales sold USD 4,000 million in BTC to buy ETH, and in August it was USD 3,950 million in ETH, and the Bitcoin ETF recorded a loss of USD 751 million.
Another factor is that decentralization is in a healthy sense, as whales supply is at least seven years. “This will strengthen the decentralization of Bitcoin and distribute the holdings to smaller holders,” the expert explained to the medium.
The last key point identified by Yau is that while the whales were selling, “long-term holders added BTC,” recalls the 16,000 BTC that these investors recently acquired.
In summary, for Yau, this is just a “retreat phase” for a more mature market. “The sale of Bitcoin by whales may be necessary for the next impulse,” he recalled.
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Professional trader Willie Wu offers another perspective on braking in the market. Specialists have confirmed that Bitcoin is progressing slowly over the previous cycle, followed by stagnation or correction.
“Investors are wondering why Bitcoin doesn’t leave so hard. The answer lies in the choice group of investors who are braking the market,” he explained. According to Wu, the SO-Caled OG whales are the pioneer who has won a massive BTC volume at prices under $10 and are profitable.
“Each Bitcoin these whales sell needs to have more than $110,000 in new capital revenues to absorb it and avoid a price drop,” he said.
There was a large-scale specific movement in this scenario. On July 26th, Galaxy Digital announced the sale of over 80,000 BTC, worth $9,000 million, on behalf of the active whales of the Nakamoto at era.
The company emphasized that the business is one of the most important outlets in the history of the digital asset market.
A few days ago, on July 15, another whale, which had remained inactive for 14 years, acquired at a price of 79 cents and moved to instructions linked to Galaxy Digital. Due to current value, these funds amount to approximately $4.7 billion. Arkham Intelligence Analysts identified transfers that were then interpreted as partial sales. The price of the BTC was over $120,000.
These examples reflect older investors receiving benefits after years of accumulation. The immediate effect is sales pressure that exceeds the absorption capacity of new offers.
Still, trends do not necessarily predict bearish cycles. This is because whales are on sale, but others continue to buy them too. An important example is strategy. Michael Saylor of Bitconner Company has managed 638,460 Bitcoins so far. It is the world’s largest public contributor with BTC reservations. The entity has bought 31,446 Bitcoins since the beginning of July, strengthening its presence as one of the great “humpback whales” in the market.
The above reveals that the confluence of sales of “OG Whale” and the accumulation of new whales will be revealed. Profile migration scenarios in the Bitcoin market.
Indeed, historical sales by these holders show a change in the distribution of currency, pushing it towards bearish lands. However, analysts say the entry of new institutional officials and sustained demand for large investors are key factors that will help maintain BTC’s value.
