Whales Dump Bitcoin Like Last Season’s Socks – $110K Next? 🤑

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Well, I say, old bean, the market’s taken a bit of a tumble, what? Seems the whales have decided to unload their Bitcoin stash faster than Jeeves polishes my shoes on a Monday morning. All this sell pressure, you see, is linked to some jolly large transactions from chaps who’ve been hodling since the dawn of blockchain. 🧐

Now, according to the data—which, let’s face it, is about as reliable as Aunt Agatha’s gossip—Galaxy Digital has been up to no good. They’ve shifted a cool 30,000 BTC, valued at over $1.1 billion, to exchanges and OTC platforms. Dash it all, that’s enough to make even Bertie Wooster blush! And while they’ve still got 18,500 BTC tucked away, their aggressive liquidation has sent the market into a bit of a tizzy. One fellow reckons they’ve offloaded nearly $8 billion worth in the past week. Blimey! 💸

The analysts, those clever coves, are calling this a “healthy reset,” as if the market’s just had a spot of indigestion after too much caviar. BRN’s Valentin Fournier—top chap—says momentum had overheated, and now we’re in for a spot of cooling off. He warns Bitcoin might slide down to $110,000 if the selling keeps up. Steady on, old boy! 🚀

And it’s not just Bitcoin feeling the pinch. The altcoins are taking a battering too, poor devils. Solana and XRP are down on their luck, while Ethereum’s managed a modest gain, popping up to $3,722. Not bad for a chap who’s usually second fiddle! 🎻

Bitunix’s Dean Chen—another bright spark—reckons this is all part of a broader shakeout, targeting overleveraged positions. He insists the key support zones are still holding firm, so it’s consolidation rather than a full-blown reversal. Phew! That’s a relief, what? 🛡️

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2025-07-25 17:17