Bitcoin News Today: Bitcoin Drops 1.44% Below $118K as Satoshi-Era Whale Sells $9B BTC

Bitcoin's price dipped below $118,000 on July 28, 2025, driven by large-scale transactions from a "Satoshi-era" whale that sold 80,000 BTC—valued at approximately $9 billion—triggering a 1.44% drop in 24 hours [1]. The move pushed Bitcoin to $117,985.30, intensifying market volatility and sparking concerns about short-term downward momentum. The sale marked one of the largest single transactions in recent months, underscoring the outsized influence of whale activity on the cryptocurrency’s price dynamics.

The price correction had ripple effects across the crypto market. Alternative cryptocurrencies like Ethereum and Dogecoin experienced sharp valuation adjustments as investors recalibrated portfolios amid heightened uncertainty [1]. Despite the turbulence, institutional investors maintained active positions, with record inflows into Bitcoin ETFs partially offsetting a net outflow of 29,000 BTC on July 28 [3]. This duality—large-scale whale exits paired with institutional accumulation—highlighted a complex interplay between bearish and bullish forces.

Analysts noted that the dip could create opportunities for strategic positioning. While short-term volatility remains elevated, bullish indicators such as Bitcoin’s MVRV (Market Value to Realized Value) pricing bands suggest potential for a rebound to $130,000 if key support levels hold [5]. However, the market’s sensitivity to on-chain activity persists. For instance, the Uniswap market briefly dipped when Bitcoin fell below $118,000, illustrating the interconnectedness of crypto ecosystems [6].

Institutional engagement, despite the price decline, signals ongoing confidence in Bitcoin’s long-term prospects. Market participants view current volatility as a chance for portfolio diversification and strategic entry points [1]. This aligns with historical patterns where large investors capitalize on price dips, particularly in the absence of regulatory overhauls [1]. Binance CEO Changpeng Zhao (CZ) remained noncommittal, stating, “No public comment available regarding the Bitcoin price drop,” reflecting the cautious stance of major exchange leaders amid shifting market conditions [1].

Looking ahead, the trajectory of Bitcoin will hinge on whether further whale activity emerges or institutional buying dominates. A sustained retest of the $119,000 level could follow if absorption trends strengthen, while continued selling pressure may test support below $118,000 [1]. The coming weeks will be critical in determining whether this volatility signals a temporary correction or a broader recalibration of market sentiment.

Source:

[1] [Bitcoin News Today: Satoshi-Era Whale Sells $9B BTC] (https://www.ainvest.com/news/bitcoin-news-today-satoshi-era-whale-sells-9b-btc-bitcoin-dips-118k-2507/)

[3] [Bitcoin's Record 29000 BTC Net Outflow Offset by Whale] (https://www.ainvest.com/news/bitcoin-news-today-bitcoin-record-29-000-btc-net-outflow-offset-whale-accumulation-1-17b-etf-inflows-2507/)

[5] [Bitcoin MVRV Pricing Bands Hint At $130K, But Only If This] (https://www.newsbtc.com/news/bitcoin/bitcoin-mvrv-pricing-bands-hint-at-130k-but-only-if-this-support-holds/)

[6] [Crypto Signals] (https://t.me/s/cryptosignals0rg?before=16237)