Bitcoin Exits $112K Barrier as Whale Inflows Reshape Market
Key Points
- Bitcoin speculators join whales sending BTC to exchanges, pushing price below $112,000.
- Analysis suggests continued whale selling could spark deeper, longer price correction.
- Exchange order-book data shows large-scale market exiting, with BTC attempting to reclaim $114,000.
Bitcoin Whales, Speculators Hit Exchanges
Bitcoin hit new three-week lows Sunday as onchain data reveals both short-term holders and “whales” rapidly moving coins to exchanges.
CryptoQuant data shows a record 40,000 BTC sent to exchanges at a loss by short-term holders in the previous 24-hour period. “This represents bleeding BTC,” commented J. A. Maartunn.
Overall exchange activity spiked, with CryptoQuant reporting a net inflow of 16,417 BTC. “When large deposits coincide with whales dominating these deposits, the market typically enters a phase of selling pressure,” noted analyst Arab Chain in a Quicktake.
Months of declining inflows reversed since early July. “Daily inflows have increased from around 5,300 BTC to 7,000 BTC,” explained Darkfost. “This persistent upward trend suggests a shift in investor behavior.”
Market Reacts to Weekend Shift
Analysts noted that this weekend sell-off extends beyond retail investors to institutional space.
“Conversely, the Exchange Whale Ratio indicator rose to levels exceeding 0.70 meaning that most of these deposits were from whales.”
Cryptoquant placing the day’s overall tally as a net inflow of 16,417 BTC.
“When large deposits coincide with whales dominating these deposits, the market typically enters a phase of selling pressure and rapid decline.”
Market data shows coordinated exiting as the largest market participant attempted to bail out of risk before the weekend.
Interpreting the weekend activity, Skew explained: “This means a desk would have to quote sufficient liquidity to facilitate a large client selling off that risk without causing the market to slip.”
Market Observations
As of writing, BTC/USD hovered near $114,000—up 1.3% for the day.
This unprecedented weekend activity and multi-billion dollar outflow signals a significant shift in sentiment.
Disclaimer
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
