Key Takeaways:
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Bitcoin whales have sold 147,000 BTCs in the last 30 days.
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BTC price bear flag targets $ 100,000 if the support breaks.
Bitcoin (Btc) The whales have been uploading about 147,000 BTCs over the last month, and the ongoing sale may be more compulsive its price over the next few weeks, according to analysts.
Large investors are offloading $ 16.5 billion to BTC
Bitcoin whales – creatures holding a large amount of coins, usually 1,000 BTC or more – began to offload coins soon after BTC price hits new all-time highs more than $ 124,500 in August.
Related: Bitcoin to ‘move again wisely’ towards the end of 2025: Saylor
Checking monthly change in total whale handling, head of cryptoquant head of research Julio Moreno Says That supply has been reduced by a net 147,000 BTC, which costs $ 16.5 billion in current market prices until Wednesday. This represents more than 2.7% decrease in the last 30 days.
He added:
“Total balance that decreases at the fastest monthly rate of rotation.”
In a response, both cryptoquant analysts darkfost Says that sale is mostly by long -term holders (LTH) whales.
“The Lths are constantly moving coins,” Darkfost write In an X post on Monday, the younger LTH Cohort (six – 12 months) added that more than 10 shifts since early September, each from 8,000 to 9,000 BTC.
“Taking an average of 8,500 BTC per move with BTC priced at $ 115,000, it translates to nearly $ 10B on selling pressure on the market.”
Data from glassnode shown That while moving whales can accelerate, the volume moved by these creatures to exchanges has been relatively low since late August, which means that coins are likely to go elsewhere.
Some of the biggest buyers in recent months have been the Treasury companies of Bitcoin, which Resume their aggressive accumulation. Japan’s metaplanet, for example, added 5,419 BTC last week to be The fifth largest Bitcoin holder.
Michael Saylor’s The approach has added 850 BTC for $ 99.7 million Last week, Bitcoin’s total handling was brought to 639,835 BTC.
Crypto investment company River has pointed out that companies are now holding more bitcoin than ETFs, as accumulation continues.
“Both keep their accumulation accelerating.”
Businesses are now holding more bitcoin than ETFs.
Both keep their accumulation accelerating.
The big question: At what price will individuals sell them? pic.twitter.com/2xacljhuyj
– River (@river) September 23, 2025
So while the whale sells the exerts sell-side pressure, Strong ETF flow and buy the corporate treasury Create a floor structureAbsorbs income acquisition through long -term holders and whales.
Bitcoin Bear Flag targets $ 100,00 BTC price
BTC falling below $ 116,000 On Sunday the proven the Bear flag In the sun -day chart (see below, indicating the continuation of the downtrend.
The Bitcoin Bulls also lost the support provided by the 50-day Simple Moving Average (SMA) at $ 114,300 and the 100-day SMA at $ 113,400, featured the intensity of the sale pressure.
Bulls now rely on the support zone between $ 112,000 and $ 110,000 handle. A daily candle near this level will trigger another seller towards the technical target of the bear flag of $ 100,000. Such a move represents an 11% descent from the current price.
The KaMag -Kaba -child index -child -child It dropped to 44 from 61 last week, suggesting a downward momentum is building.
Number Cointelegraph reportedBulls can recover their feet at about $ 106,000 in the event of additional BTC price correction if consumers enter.
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