Bitcoin whale sale: an early holder sold approximately 24,000 BTC (~$2.7bn) during thin Sunday liquidity, triggering roughly $500 million in crypto liquidations and short-term market volatility across Bitcoin and correlated assets.
An early Bitcoin holder sold ~24,000 BTC (~$2.7bn) during low liquidity.
That single transaction sparked about $500M in leveraged liquidations across crypto markets.
Market participants report heightened caution but no evidence of systemic risk yet.
Bitcoin whale sale: 24,000 BTC sold (~$2.7bn), causing ~$500M liquidations — Read the analysis and trader guidance from COINOTAG.
What happened in the 24,000 BTC sale?
Bitcoin whale sale occurred when an early Bitcoin holder executed an estimated 24,000 BTC sell order during thin Sunday liquidity, valuing roughly $2.7 billion. The trade caused rapid price moves and cascading liquidations, primarily affecting leveraged Bitcoin positions and correlated digital assets.
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The sale pushed Bitcoin prices lower over a low-liquidity weekend, wiping out leveraged long positions. Market data and institutional desk reports attribute approximately $500 million in liquidations to the move, concentrated in perpetual futures and margin accounts. QCP Capital reported the event and highlighted the outsized impact from a single large order placed in thin conditions.
Thin weekend order books reduce depth, so large marketable sells cross multiple price levels. When a 24,000 BTC sell order hit available bids, slippage intensified and forced liquidations. This cascade effect is a known vulnerability for high-volume crypto trades outside regular market hours.
Available on-chain traces and market desk reports do not publicly identify the seller. Reports indicate the coins moved from an early-holder address, but no confirmed identity or exchange attribution has been published.
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Source: https://en.coinotag.com/early-holder-bitcoin-sale-of-24000-btc-may-have-triggered-about-500m-in-liquidations/