 
 
A massive Bitcoin sell-off by a long-dormant whale is adding fresh downward pressure to the market. Data show the whale’s wallet – traced back to the early Bitcoin era – moved 25,000 BTC this weekend, sparking a sharp price drop in an illiquid market segment.
The transfer “sparked a flash crash,” sending Bitcoin briefly under $109,000 for the first time since early July. The sudden volatility liquidated hundreds of millions in leveraged positions, as longs were caught off guard by the whale’s latest offload.
Prior Bitcoin Dump and Flash Crash
Just one week earlier, the same whale had dumped 24,000 BTC (approximately $2.7 billion) from its 150,000+ BTC stash.
According to on-chain data, the Sunday sell-off drove Bitcoin down from approximately $115,598 to $110,721 in just minutes. The dump triggered a sharp price drop by $4K within minutes.
That move wiped out roughly $45 billion of Bitcoin’s market capitalization. Even after this massive sale, the Bitcoin whale still held around 152,874 BTC (about $17 billion). In other words, this week’s 25,000 BTC sale appears to be another partial liquidation, not an exit from the market.
 
The latest transfer came in an illiquid market setting, intensifying the crash. Over the past 24 hours, Bitcoin has declined by roughly 1.5%, trading at around $108,500.
Last week, volatility was enough to “toast” over $900 million in leveraged futures bets, predominantly hurting long positions. In short, the whale’s repeated large sales have set off a cascade of forced liquidations and margin calls.
Market Reaction and Outlook
The double whammy of 24,000 and 25,000 BTC sales has put key technical levels under threat. Bitcoin briefly closed below $109,000, the lowest since early July.
MEXC Ventures’ analysts say BTC is now at an “inflection point.” Without new macro catalysts or fresh inflows, Bitcoin could either consolidate in the $110,000–$120,000 range or slip further toward $100,000.
“The absence of a fresh macro catalyst…is likely to drive BTC into a period of market consolidation as the market digests the recent distribution,” investment director Leo Zhao wrote in an analysis.
The same weekend saw at least two other large holders trade over $1.4 billion in Bitcoin for Ethereum. According to on-chain data, two wallets controlling over 90,000 BTC dumped that amount of Bitcoin over four days to accumulate ETH.
Even after those sales, each address still holds approximately $4 billion in BTC. These moves underscore that some capital is flowing out of Bitcoin and into ethereum, potentially exacerbating short-term pressure on BTC prices.
Short-Term Price Action
With whale activity heating up, Bitcoin’s price action is under close watch. As of today’s trading, BTC is down roughly 3–5% over 48 hours, hovering in the $108,000–110,000 range.
The sudden sell-offs have shaken major support levels. Analysts note that until this supply is absorbed, Bitcoin is likely to continue struggling.
One observer summed it up: the recent concentrated selling has left markets “fragile” in the short term. Traders are now watching volume, on-chain whale signals, and any ETF inflows or macro news for clues on where Bitcoin will find stability.
Source: https://zycrypto.com/bitcoin-price-pressure-builds-after-whale-moves-25000-btc/