Bitcoin prices fell more than 5% in the past 24 hours on Sunday night, dropping below $65,000 as large holders moved the coins to exchanges and recent buyers sold them at a loss, adding pressure to an already fragile market.
Most of the price decline occurred within just two hours on Sunday evening.
This marks the first time in history that Bitcoin’s weekly closing price has been negative for six consecutive weeks, below the 100-week moving average for six consecutive weeks, and below the 2021 high for three consecutive weeks.
The world’s largest cryptocurrency was trading at nearly $64,500 at the time of writing, down about $3,500 on the day. The decline followed a weekend flush from the $67,000 range, breaking a relatively tight consolidation and accelerating the decline into illiquidity.
According to data from Bitcoin Magazine Pro, trading activity picked up during the decline, indicating active circulation rather than quiet fluctuations.
Meanwhile, CryptoQuant trading indicators reveal that whales are dominating inflows. CryptoQuant said large Bitcoin holders are now moving the majority of exchange deposits, and the exchange whale ratio has risen to 0.64, its highest level since 2015, indicating whales are leading the selling activity.
Bitcoin average deposit size rises to 1.58 $BTCwas the highest since June 2022, confirming that major players are moving their coins to exchanges.
The total number of inflows has decreased by about 60% since the sharp increase in early February, to about 23,000 people. $BTC On a seven-day average, currency flows remain elevated, exposing the market to further volatility.
Bitcoin price analysis
Prior to this sharp decline in Bitcoin prices, price action over the past week has been semi-subdued, with Bitcoin’s rebound from $60,000 failing to break through the resistance at $71,800, instead falling to support around $65,650 and closing near $67,000 the previous week.
The bears remain in control as buyers have shown little follow-through. However, some large institutions continue to buy Bitcoin price exposure. Abu Dhabi’s Mubadala Investment Company increased its stake in BlackRock’s iShares Bitcoin Trust (IBIT) to 12.7 million shares worth about $630 million as of Dec. 31, a 46% increase from the previous quarter.
Al Warda Investment also increased its IBIT holdings to 8.22 million shares, continuing its transition to regulated Bitcoin ETF exposure. Together, the two Abu Dhabi funds hold more than 20 million IBIT shares, worth more than $1.1 billion at the end of 2025.
Strategy bought an additional 2,486 $BTC Last week, it traded for $168.4 million, bringing its total holdings to 717,131. $BTC Accumulated.
Strategy executive Michael Saylor suggested on X that Strategy could make its 100th Bitcoin purchase this week, continuing its 13-week buying streak despite having $5.8 billion in unrealized losses.
The post Bitcoin price dips below $65,000, down 5% in 2 hours amid 6-week slump appeared first on Bitcoin Magazine and was written by Micah Zimmerman.
