Bitcoin News Today: Whale Selloff Tests Bitcoin's Resilience Amidstitutional Caution

Bitcoin is facing intensified selling pressure from large holders, or "whales," who have offloaded a record 114,920 BTC—valued at approximately $12.7 billion—over the past month. These whale accounts, defined as entities holding between 1,000 and 10,000 BTC, have significantly reduced their holdings, marking the largest sell-off since July 2022 [1]. This trend has contributed to downward pressure on Bitcoin’s price, which briefly fell below $108,000. Analysts warn that sustained whale selling, combined with bearish historical signals, could push BTC below the key psychological level of $100,000 in the coming weeks [2].

Despite short-term bearishness, Bitcoin’s long-term trajectory remains resilient. The cryptocurrency has only corrected 13% from its mid-August all-time high, a relatively shallow pullback compared to previous corrections. The one-year moving average for BTC has also surged from $52,000 a year ago to $94,000 as of September 2025 [3]. Institutional accumulation and demand from ETFs have provided a counterbalance to whale selling pressure, according to LVRG Research’s Nick Ruck. He notes that while whale activity may cap near-term price momentum, macroeconomic factors such as the U.S. Federal Reserve’s September rate decision could ultimately shape Bitcoin’s broader direction [4].

Bitcoin’s recent price action has been characterized by tight consolidation, trading within a $109,000–$112,000 range in the past week. The 20-day exponential moving average currently sits at $112,093, and traders are watching for a breakout above this level to signal sustained strength. If sellers manage to pull the price below $109,000, the next support levels to watch are $107,250, followed by $105,000 and ultimately $100,000 [5]. On the upside, a sustained close above $116,000 could signal the start of a new bull phase, according to on-chain analysts. Glassnode’s latest report highlighted this level as a critical resistance that, if breached, could extend the uptrend to $120,000 or even $124,474 [6].

Other major cryptocurrencies are also showing mixed signals. Ether (ETH) has been trading in a tight $4,250–$4,500 range, with bulls and bears in a stalemate around the 20-day EMA. A break above $4,500 could trigger a rally toward $4,664 and eventually $4,957, but a drop below $4,250 could see the price test $4,094 before facing further downside to $3,745 [5]. XRP is forming a descending triangle, with sellers maintaining the upper hand unless the price breaks above the 20-day EMA. If the pattern completes and the price falls below $2.73, the cryptocurrency could see a slide toward $2.20 [5].

Smaller altcoins such as DOGE and ADA are showing signs of resilience amid the broader market volatility. Dogecoin has been consolidating within a $0.213–$0.221 range, with strong buying at the lower end and repeated rejections at the upper boundary. A decisive close above $0.221 with increased volume could validate a breakout and lead to a test of $0.230 [6]. Cardano, meanwhile, is facing pressure to reclaim the 20-day EMA at $0.84. A successful push above this level could see ADA rally toward $1.02, but a breakdown below $0.80 would expose further downside to $0.68 [5].

Market observers are closely monitoring whether institutional buying will continue to absorb whale-driven selling pressure. Average institutional purchase sizes have dropped significantly, from 1,200 BTC per transaction in August to 343 BTC—a decline of 86% from early 2025 levels—suggesting increased caution among large investors. This trend, combined with the recent regulatory and macroeconomic developments in digital assets, could shape the next phase of Bitcoin’s price action [1].

Source:

[1] title1 (https://finance.yahoo.com/news/analysts-warn-100k-dip-bitcoin-082722215.html)

[2] title2 (https://cointelegraph.com/news/bitcoin-whales-dumped-115000-btc-largest-selloff-since-mid-2022)

[3] title3 (https://bitbo.io/news/bitcoin-whale-selloff-2025/)

[4] title4 (https://cointelegraph.com/news/price-predictions-9-5-btc-eth-xrp-bnb-sol-doge-ada-link-hype-sui)

[6] title6 (https://www.coindesk.com/markets/2025/09/08/doge-price-action-builds-higher-lows-while-resistance-holds)