TL;DR:
- CryptoQuant data shows whales selling billions in BTC, signaling market pressure.
- Profit-taking behavior suggests a possible local correction ahead.
- Analysts warn that continued whale distribution could undermine Bitcoin’s rally, though some see the pullback as a healthy reset for future accumulation.
Bitcoin’s upward momentum appears to be faltering as large-scale whale sell-offs put renewed pressure on the market, according to fresh on-chain data. Analysts at CryptoQuant have flagged billions of dollars’ worth of BTC being transferred to exchanges, signaling possible liquidation by major holders. This activity has reignited discussions about the sustainability of Bitcoin’s recent recovery, with traders weighing whether the bull run might be losing steam.
Bitcoin whales have been cashing out billions since $100K.
I said the bull cycle was over early this year, but MSTR and ETF inflows canceled the bear market. If those fade, sellers will dominate again.
There is still heavy selling pressure, but if you think the macro outlook is…
— Ki Young Ju (@ki_young_ju) November 11, 2025
Whale Selling Intensifies as Market Sentiment Turns Cautious
Whales have dumped billions in Bitcoin holdings, driving short-term price instability and eroding investor confidence. Over the past week, on-chain analytics revealed that several wallets linked to long-term holders moved significant BTC volumes to exchanges, often a precursor to selling pressure. As a result, market liquidity has increased, but price resilience has weakened, leaving retail traders vulnerable to volatility spikes.
CryptoQuant warns that the sell-offs coincide with growing profit-taking behavior, suggesting that many investors are locking in gains after recent price rallies. Historically, such profit realization has preceded local market corrections, especially when combined with declining exchange reserves and stagnant trading volumes. The data reflects a cautious market tone, where fear of further declines has prompted a shift toward stablecoins and short-term hedging strategies.
Bitcoin’s technical indicators also point to mounting resistance near key psychological levels, with bulls struggling to sustain upward momentum. Analysts note that while Bitcoin remains above its long-term support zones, the reduced whale accumulation and increased sell-offs could undermine confidence if the trend persists. A break below the current consolidation range might trigger broader liquidation across leveraged positions.
Despite the bearish signals, some experts view the pullback as a healthy reset, potentially paving the way for renewed accumulation. They argue that short-term selling pressure is a normal component of Bitcoin’s cyclical behavior and may help flush out speculative excesses. However, CryptoQuant emphasized that sustained whale distribution patterns remain a key risk factor that traders should monitor closely in the coming weeks.
