Bitget App
Trade smarter
MarketsTradeFuturesEarnSquareMore
Bitcoin Updates: Major Whale Moves $10 Million—Is This a Market Dump or a Tactical Shift in Holdings?

Bitcoin Updates: Major Whale Moves $10 Million—Is This a Market Dump or a Tactical Shift in Holdings?

Bitget-RWA2025/11/12 05:46
By:Bitget-RWA

- A Bitcoin whale withdrew 100 BTC ($10.32M) from Binance, signaling renewed activity from long-term holders amid broader "OG" whale selling trends. - Over 1,000 BTC/hour has been dumped by seven-year+ holders since November 2024, with $100M+ sell-offs highlighted by Capriole's Edwards as "persistent distribution." - Technical analysis forecasts a $89,600 price drop via bear pennant patterns, compounding risks as Bitcoin trades 18.7% below its $126K all-time high. - Whale activity remains ambiguous: withdr

After remaining inactive for two months, a whale recently moved 100 BTC out of Binance, as highlighted in a

article. This action points to renewed engagement from long-term holders and fits into a wider pattern of veteran whales reducing their positions. The transfer, valued at about $10.32 million at the time, originated from the wallet address bc1qeax3s3ut2kaphz2wseruak5uslh6nmjz8stfhx. This address now controls 300 BTC worth $31 million, though it is currently sitting on an unrealized loss of $2.4 million, according to the .
Bitcoin Updates: Major Whale Moves $10 Million—Is This a Market Dump or a Tactical Shift in Holdings? image 0
This development has heightened worries about Bitcoin’s price direction, as wallets holding Bitcoin for over seven years have been steadily selling since November 2024, as detailed in a .

This withdrawal fits a broader trend of aggressive selling by long-term whales, who have reportedly sold more than 1,000 BTC per hour in 2025, according to a

. Charles Edwards, co-founder of Capriole Investments, drew attention to the magnitude of these outflows, referencing a Glassnode chart that uses color to indicate $100 million and $500 million sell-offs, as mentioned in the . “The chart is EXTREMELY colorful in 2025,” Edwards posted, stressing that this reflects “consistent distribution” by long-term holders, as cited in the . Technical indicators suggest Bitcoin’s value could fall to $89,600 due to a bearish pennant formation, adding to the risks for a market already down 18.7% from its October 6 record high of $126,000, as reported in the .

This Binance withdrawal highlights the complex nature of whale movements: while large transfers can indicate bearish sentiment, they might also be part of accumulation tactics. Blockchain analysts point out that similar withdrawals in previous cycles often came before price surges, as whales shifted assets to cold storage during downturns, according to the

. However, the $2.4 million unrealized loss suggests this whale bought some of its coins at higher prices, possibly during earlier bull markets, as mentioned in the . This ambiguity leaves traders uncertain, forcing them to consider whether the move signals a short-term exit or a long-term confidence in Bitcoin’s future, as discussed in the .

Investors are watching closely to see how this might affect the wider crypto landscape. Bitcoin’s market dominance often shapes altcoin trends and overall sentiment, and such whale actions could also influence stock markets through their connection to crypto-related shares, as noted in the

. Institutional investments in BTC ETFs or futures could further increase volatility, especially if more whale activity sparks a wave of liquidations. For now, traders are urged to keep an eye on crucial support zones, with the $100,000 mark seen as vital for sustaining bullish , according to the .

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

Ethereum Updates: BitMine Capitalizes on Market Slump to Acquire 2.9% of Ethereum Tokens

- Bitcoin fell below $103,000 on Nov 12 amid $120M+ leveraged liquidations on Binance, exposing crypto market fragility. - BitMine Technologies capitalized on the dip, acquiring 2.9% of Ethereum's supply ($828M) to boost treasury holdings. - $341.85M in total crypto liquidations highlighted overextended positions, with Ethereum short sellers losing $76M. - Aggressive bearish bets like James Wynn's $275K 40x short face liquidation risks if Bitcoin recovers above $6,856. - Analysts warn weak ETF inflows and

Bitget-RWA2025/11/13 08:58
Ethereum Updates: BitMine Capitalizes on Market Slump to Acquire 2.9% of Ethereum Tokens

Prediction Markets Move Into the Mainstream with Polymarket’s Return to the U.S.

- Polymarket relaunches U.S. beta after CFTC fine, now compliant via $112M QCX acquisition. - Partnerships with Yahoo/Google boost legitimacy as trading volume hits $3.01B, targeting sports betting. - Faces competition from Kalshi and ProphetX, which seeks CFTC license for nationwide expansion. - Industry grapples with fraud risks amid scandals, prompting calls for clearer regulatory boundaries. - Traditional firms like eToro and CME explore prediction markets, signaling mainstream adoption.

Bitget-RWA2025/11/13 08:58
Prediction Markets Move Into the Mainstream with Polymarket’s Return to the U.S.

Bitcoin Updates: Crypto Fear Index at 15—Is This Surrender or a Chance to Invest?

- Crypto Fear & Greed Index hit 15, a seven-month low, signaling extreme investor pessimism amid macroeconomic and regulatory pressures. - Historical data suggests such fear phases often precede market recoveries, with Bitcoin near 2022 rebound levels and Ethereum whale buying surging. - Bitcoin ETFs saw $523M inflows as institutional demand returns, contrasting Ethereum's outflows and Brazil/Japan's new regulatory crackdowns. - Analysts urge long-term investors to view the dip as an opportunity, while sho

Bitget-RWA2025/11/13 08:42
Bitcoin Updates: Crypto Fear Index at 15—Is This Surrender or a Chance to Invest?

Bitcoin Updates: Japan Strives to Foster Crypto Advancements While Ensuring Investor Protection Amid DATs Decline

- Japan Exchange Group (JPX) plans stricter rules for digital-asset treasury (DAT) firms amid volatile stock collapses, including enhanced audits and backdoor listing restrictions. - Metaplanet and Convano, major DATs holding thousands of BTC, have lost over 60% of their value, reflecting global market instability linked to crypto-heavy strategies. - Regulators warn DATs pose risks to retail investors due to reliance on volatile assets, while Japan balances innovation incentives with governance safeguards

Bitget-RWA2025/11/13 08:42
Bitcoin Updates: Japan Strives to Foster Crypto Advancements While Ensuring Investor Protection Amid DATs Decline