Bitcoin Price Weakness: Whales' Sales Effective

The recent weakness in the price of Bitcoin has increased the interest of investors in the markets. Julio Moreno, research director at CryptoQuant, noted that whales have sold a total of 147,000 Bitcoins since August 21, the fastest monthly decline in the cycle.

According to analysis based on on-chain data, the total balance of whales is declining rapidly and these sales are putting direct pressure on the price. In particular, as we approach the end of 2024, whale buying and selling waves seem to play a decisive role in the price of Bitcoin. By the summer of 2025, the balanced accumulation process has turned into a net selling trend as we enter September.

The charts clearly show that the decline in whale balances and the decline in prices have occurred almost simultaneously. This is an important warning that downside risks are increasing after Bitcoin's squeeze around the $110,000 level. Julio Moreno reminds that whale sales on this scale have led to strong fluctuations in prices in the past, underlining that investors should be careful.

Especially the negative 30-day rate of change indicates that selling pressure may continue in the short term. The critical question that traders should ask at this stage is whether this sell-off is a profit realization or a harbinger of a trend change. Whale sales can create an important breaking point for the market and drive price movements.