Whale Sells 1,200 BTC At Loss, Analyst Warns Against Premature Bullish Hopes

A primary Bitcoin whale has sold 1,200 BTC at an average price of $82,171, resulting in a realized loss of $31.8 million. The BTC was initially purchased at $98,896 around four months ago.

This selling pattern has raised concerns among market participants, especially as the whale offloads assets despite early signs of demand recovery. The most recent transaction shows another 400 BTC unstacked and sent to Binance hours ago.

Whale Continues Strategic BTC Offloading Despite Heavy Losses

During the past month, a substantial Bitcoin wallet performed multiple large BTC transactions directed toward the Binance exchange. Blockchain analytics reveal that wallet transactions exceeded $148 million by transferring at least 1,800 Bitcoin (BTC) to Binance.

Each transfer originates from parcels between 200 and 400 BTC, stemming from a calculated selling strategy.

A whale returned to the market four hours ago by unstacking Bitcoin to execute another sale of 400 BTC worth $33.83 million. This transaction occurred at a price lower than acquisition costs and added to a recurring trend of deteriorating bullish market sentiment.

According to historical data, this wallet had staked 400 BTC to Babylon four months ago when Bitcoin price was near its local top, around $98,896.

The whale has sold 1,200 BTC at prices averaging $82,171, locking in losses of $31.8 million. This selling pressure continues to weigh on market sentiment, even as some technical indicators suggest a possible recovery.

Market observers suggest this behavior may be due to planned capital rotation or a lack of confidence in short-term price direction.

Apparent Demand Shows Early Signs of Recovery for Bitcoin Price

Bitcoin’s Apparent Demand metric, which tracks the 30-day sum of BTC transfers, has started to rise after weeks in negative territory. Demand had been strong from November 2024 to January 2025, supporting a Bitcoin price rally.

However, from February 2025 onward, the metric dropped sharply. It reached a low of below -200,000 BTC by April 2025. The downward trend in apparent demand shows signs of stabilizing, following data that indicates a demand increase.

Current market trends point towards a slowdown of sales activity, suggesting potential re-accumulation phases. Market analysts express caution by indicating insufficient evidence to establish a permanent market reversal using current information.

The recent uptick in demand has occurred alongside growing volatility in Bitcoin price action. As of now, Bitcoin is trading at around $84,860.

Although BTC price shows short-term strength, the ongoing whale selling signals uncertainty. Analysts are closely watching whether this recovery in demand can sustain itself over the coming weeks.

Analysts Identify Key Resistance Zones and Warn of Premature Optimism

Bitcoin’s weekly chart and the MACD indicator show early signs of a potentially bullish setup. Previous market cycles demonstrated that Bitcoin price would begin a strong rally if the MACD histogram turned from dark red to a less intense red as the price consolidated into bottoming formations.

Bitcoin Price stability occurs at $84,500 while bearish momentum weakens within the current trading environment. Significant buying pressure exists at $86,000, which could increase the potential for new price growth.

If Bitcoin price returns and holds a position above $92,000, it may establish the conditions needed to reach $97,000. If prices fail to climb above their standing barrier, the current resistance level could cause Bitcoin to decline to the $79,000 support area.

The trend stays uncertain until a breakout happens. Traders should focus on verification signs for market direction.

A total of 37,000 BTC moved out of significant exchanges during the last day. It indicates whale investors might be purchasing more Bitcoin. Despite high trading volumes and lower market volatility, the existing selling pressure from large investors continues to hold back market positivity.