Key Insights:
- Bitcoin News showed a whale panic-sold 200 Bitcoin, locking in losses above $8 million.
- The data showed whale accumulation reached its highest level since 2024.
- Bitcoin News highlighted rising Binance whale activity tied to hedging, not full capitulation.
Bitcoin News tracked a Bitcoin whale that panic-sold 200 Bitcoin worth $16.91 million on Jan. 29. Lookonchain said the sale occurred during a sharp market crash. Coin Bureau said the move reflected forced capitulation under pressure.
The same Bitcoin whale bought 300 Bitcoin for $33.44 million earlier. Lookonchain said the buys averaged $111,459 on Sept. 15 and Nov. 12, 2025. Lookonchain said the realized loss exceeded $8 million after the sale.
Bitcoin News Tracked a Whale Capitulation Event
Lookonchain tied the sale to a crash window and rapid transfers. Its screenshot showed 200 Bitcoin moved to a Binance deposit address. The post implied urgency rather than planned distribution.

The stated $16.91 million value implied about $84,550 per Bitcoin sold. That estimate used Lookonchain’s stated size and value. The estimate widened the gap from the $111,459 average entry.
Whale Factor framed the trade as capitulation under pressure. It said the whale accumulated near $111,000 and later surrendered. It also stated the sale locked in an $8 million-plus loss.
That framing carried a message about timing and discipline. Whale Factor said the market punished impatience during fast drawdowns. Whale Factor did not provide additional trade records beyond the sale.
The partial exit mattered as much as the headline size. Lookonchain said the whale bought 300 Bitcoin but sold 200 coins. That left 100 Bitcoin BTC still held after the deposit.
Bitcoin News Data Showed Accumulation Continued Elsewhere
A separate on-chain summary described a different whale cohort. The on-chain summary tracked addresses holding 1,000 to 10,000 Bitcoin. The on-chain summary said these wallets raised holdings to about 3.204 million Bitcoin.

The on-chain summary said accumulation reached its highest level since 2024. It said the 30-day net change measured about 152,000 Bitcoin. It said the seven-day change stayed positive near 30,000 Bitcoin.
That contrast highlighted uneven behavior among large holders. One Bitcoin whale sold into stress, while others accumulated. The on-chain summary described a broader repositioning cycle, not a short trade.
The summary also separated accumulation from speculative excess. It said whales drove structural consolidation, not leverage chasing. It did not cite a dataset provider in the excerpt.
Binance Whale Activity Suggested Hedging And Position Management
The on-chain summary also addressed exchange-side activity on Binance. It said whale-driven activity share rose near 0.65 in January. It said that reading marked the highest level since last November.
The on-chain summary linked that ratio to active position management. It said whales hedged volatility and rotated liquidity. It said whales opened and closed derivatives without abandoning core holdings.
Lookonchain’s transfer screenshot aligned with Binance’s focus. The transfer table showed a Binance deposit label beside the outflow. Lookonchain did not say the whale opened derivatives after depositing.
That gap left room for competing interpretations of the deposit. A Binance deposit often preceded selling, but it also preceded hedging. The provided sources did not confirm the whale’s next trade.
Kalshi Forecasts Flagged Downside While Whales Split
Whale Insider cited trader forecasts from Kalshi. It said Kalshi traders forecast Bitcoin falling to $64,000 this year. It did not name the traders or time horizon.
That forecast sat beside evidence of stressed exits. The Bitcoin whale sale illustrated how drawdowns triggered capitulation. Kalshi pricing suggested that traders assigned downside risk even after selling.
At the same time, the on-chain summary argued against broad capitulation. It said whale balances grew and signaled long-term interest. It said the market entered structural consolidation driven by large holders.
Traders watched for follow-through after the deposit and public warnings. Lookonchain’s whale sold two-thirds of its 300 Bitcoin position. That left 100 Bitcoin still exposed after the crash.
The sources left one near-term question for traders. They showed a deposit and a loss, not a full unwind. They also showed other whales accumulating into weakness.
Whale Factor said even large players reacted emotionally under stress. Coin Bureau said the same sale showed panic behavior. Those posts treated the sell as a sentiment signal, not a trend.
Source: https://www.thecoinrepublic.com/2026/01/30/bitcoin-news-whale-panic-sold-200-btc-as-crash-deepened/