Bitcoin whales shed $16.5B in BTC over the past month, increasing selling pressure as price tests key support between $112,000 and $110,000. On-chain flows show large transfers from long-term holders, while corporate treasuries continue accumulating, leaving markets finely balanced.
Whales distributed roughly $16.5B in Bitcoin in the last month
Price sits near $112,800 with critical support at $112k–$110k; daily close below could target $100k
Corporate treasuries and private deals may be absorbing some whale supply; exchanges show limited direct dumping
Bitcoin whales shed $16.5B as BTC tests $112k–$110k support; read concise on-chain analysis and what traders should watch next.
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What happened as Bitcoin whales shed $16.5B of BTC?
Bitcoin whales shed $16.5B by distributing coins from large wallets over the past month, according to on-chain researchers. This selling coincided with a technical breakdown below the 50- and 100-day moving averages, placing support at $112,000–$110,000 under pressure.
How fast did large wallets reduce holdings?
Wallets controlling thousands of coins reduced balances at the fastest rate this cycle. Many transfers occurred in blocks of 8,000–9,000 BTC. Much of the distribution came from long-term holders with holding periods of six months or longer, increasing realized supply available to buyers.
Are exchanges absorbing the selling pressure?
Exchange inflows do not show a proportional surge, suggesting much of the flow moved to private deals, OTC desks, or corporate treasuries rather than immediate exchange dumps. This nuance reduces immediate spot-market pressure but still raises liquidity concerns.
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Support at $112k–$110k represents a thin defensive layer after Bitcoin slipped below its 50- and 100-day moving averages. A daily close beneath this band could validate bearish targets near $100,000, given weakening momentum indicators such as the RSI.
Corporate treasuries are notable accumulators. Recent large purchases by firms have added thousands of BTC to corporate balance sheets. These institutional flows can offset some whale selling, tightening supply available to the open market.
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