Bitcoin News Today: Bitcoin Whale Liquidates 68,000 BTC as Market Absorbs Majority, 12,000 Remaining

A major Bitcoin whale, known as the “[80k BTC Ancient Whale],” has been gradually liquidating its holdings through secondary market sales and over-the-counter (OTC) trades, with analysts suggesting that most of its selling pressure has already been absorbed by the market. On-chain data analyst Yu Jin highlighted that the whale’s wallet, initially holding 80,202 BTC (approximately $9.53 billion), has now seen 68,000 BTC distributed across exchanges and private addresses. According to the analyst, the remaining 12,000 BTC (valued at around $1.38 billion) is unlikely to create significant market disruption given current liquidity conditions [1].

The whale’s sales began on July 15, with BTC being transferred in batches of several hundred units to exchanges and independent addresses. Notable transfers include 14,000 BTC to Binance, 8,975 BTC to Bitstamp, 7,420 BTC to Bybit, and 7,150 BTC to OKX. Additionally, approximately 30,400 BTC was directed to multiple independent addresses, likely linked to OTC buyers. On July 25, Galaxy Digital’s address further distributed 22,610 BTC (about $26 billion) to various recipients, accelerating the liquidation process [1].

Yu Jin’s analysis indicates that the remaining 12,000 BTC represents the final portion of this whale’s holdings. While large-scale sell-offs typically raise concerns about price volatility, the analyst noted that the current market depth—demonstrated by the successful absorption of 68,000 BTC—suggests the remaining coins would not overwhelm the market. This assessment aligns with broader trends showing improved liquidity in major crypto exchanges, which have become more resilient to large institutional sales over the past year [1].

The gradual, multi-exchange approach taken by the whale underscores a strategic effort to minimize price impact. By spreading transactions across platforms and utilizing OTC channels, the seller has avoided concentrating pressure on any single market. This method contrasts with abrupt large-volume sales, which have historically triggered sharp price corrections in crypto markets. The current trajectory implies the whale is prioritizing stealth and market stability, a tactic common among institutional participants seeking to offload large positions without causing panic [1].

Market observers are now closely monitoring whether the final 12,000 BTC will follow the same pattern. While no immediate signs of aggressive selling have emerged, Yu Jin emphasized that the market’s ability to absorb such a volume without significant downside movements is a positive indicator for broader confidence in Bitcoin’s institutional adoption. The analyst’s forecast, however, remains speculative, as the actual behavior of the whale could still diverge from current expectations [1].

Source: [1] [title1Analyst: [80k BTC Ancient Whale] Selling Pressure may soon be fully absorbed by the market, with only 12k BTC remaining unsold] [url1https://www.theblockbeats.info/en/flash/304493]