Bitcoin Whales Dumping Assets Like It’s 2017! Will BTC Ever Recover?

by

Ah, Bitcoin. The digital gold that was supposed to be the future, and yet, here we are-watching the mighty whales of the crypto ocean toss their precious assets overboard like it’s some kind of clearance sale. It’s enough to make you question the whole “store of value” concept. But let’s not get ahead of ourselves; let’s break it down.

The Grand Sell-Off: Over 1 Million BTC Vanishes

Charles Edwards, founder of Capriole Investments, has noticed a disturbing trend-one that echoes the grim sounds of panic among Bitcoin investors. The “OG” Bitcoin whales (those who’ve held their precious BTC for over seven years) are now cashing out like they’ve just seen a new, shinier coin. He posted about it on the platform formerly known as Twitter-now called X, because why not complicate things even further? Anyway, Edwards shared a chart showing these whales offloading their BTC. And, let me tell you, it’s a spectacle.

In glorious technicolor, the chart clearly shows the magnitude of these sell-offs: orange for $100 million dumps and red for the even more eye-watering $500 million dumps. It’s like a crypto version of the apocalypse-no survivors, just liquidation everywhere. 🐋💸

The chart speaks for itself-since November 2024, these whales have been unloading their Bitcoin continuously, contributing to Bitcoin’s rather pitiful performance in 2025. Meanwhile, other risk assets seem to be thriving, as if Bitcoin had turned into the wallflower at the crypto party.

And despite these colossal sell-offs, the market has somehow managed to keep its head above water. It’s like a boat full of holes that just won’t sink-kudos to those who’re still betting on this ship, I suppose.

According to Wall Street analysts and research from Compass Point analyst Ed Engel, the net sales from long-term Bitcoin holders have now surpassed a staggering 1 million BTC since June. That’s one million Bitcoins. One. Million. It’s like the crypto version of the Great Exodus, except the Exodus isn’t going to a promised land, it’s going to the nearest exit. 🚪

Brace Yourselves: Bitcoin May Be Headed for a $70,000 Crash

And if that wasn’t enough to make you clutch your digital wallet, here’s the cherry on top. On October 10th, the market suffered a severe blow as a significant liquidation of leveraged crypto positions took place. Bitcoin couldn’t even manage to hang on to critical support levels like $117,000 and $112,000, so it’s been free-falling ever since. If you’ve been following along, you’d know that this isn’t exactly what we’d call a “bullish” trend.

Markus Thielen, the CEO of Singapore’s 10X Research, voiced his concerns with a deep sigh, noting that Bitcoin’s failure to regain those levels means the bear market may be here to stay for a while. His firm, which had previously predicted that Bitcoin would stabilize around $100,000, now believes we’re just a few weeks away from finding a bottom worth buying. If this sounds like the start of a dystopian novel, it’s because it kind of is.

And if you’re thinking this is rock bottom, think again. Thielen warns that we might see Bitcoin dive further, with the US dollar flexing its muscles against the crypto markets. He pointed out an “air pocket” below $93,000-an area where there’s no real support. This could lead to more liquidations, and if that happens, we might see Bitcoin dip down to a low of $70,000. Buckle up. ⛔💀

Read More

2025-11-08 00:06