{"id":179349,"date":"2025-11-08T21:30:56","date_gmt":"2025-11-08T19:30:56","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=179349"},"modified":"2025-11-08T20:46:48","modified_gmt":"2025-11-08T18:46:48","slug":"whale-sell-offs-threaten-bitcoins-rally-amid-persistent-onchain-outflows","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/whale-sell-offs-threaten-bitcoins-rally-amid-persistent-onchain-outflows\/","title":{"rendered":"Whale Sell-Offs Threaten Bitcoin\u2019s Rally Amid Persistent Onchain Outflows"},"content":{"rendered":"
According to Capriole Investments co-founder Charles Edwards, these \u201csuper whales\u201d have been liquidating their holdings at an unprecedented pace, spending over 1,000 BTC per hour since early 2025. Edwards shared on-chain data showing heavy selling from wallets dormant for seven years or more, describing the year\u2019s activity as \u201cvery colorful\u201d due to the surge in large transactions exceeding $100 million and even $500 million.<\/p>\n
Bitcoin is currently trading nearly 19% below its October all-time high of $126,000, with analysts divided over whether the decline marks a healthy bull-cycle pause or the start of a more serious retracement driven by whale selling. Data from Glassnode confirms that long-term holders have been consistently moving large amounts of BTC since November 2024, suggesting a steady pattern of distribution rather than isolated profit-taking.<\/p>\n
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One major whale, identified by Lookonchain as \u201cBitcoin OG Owen Gunden,\u201d recently moved<\/a><\/strong> 3,600 BTC (around $372 million), including 500 BTC deposited to Kraken, potentially signaling active liquidation.<\/p>\n