Bitcoin News Today: Bitcoin Whales Sell $12.7B as Institutions Double Down

Michael Saylor’s Strategy, formerly known as MicroStrategy, continued its aggressive Bitcoin accumulation in recent weeks, purchasing $217 million worth of Bitcoin as the cryptocurrency's price remained relatively stable near $110,000. The company, led by Saylor, now holds 636,505 BTC valued at approximately $70 billion, making it one of the largest institutional Bitcoin holders in the world. This move underscores the company’s continued commitment to Bitcoin as a reserve asset, with Saylor advocating for its role in a future where tokenized assets dominate the global financial system.

Saylor has long been a vocal proponent of Bitcoin’s potential to transform the financial landscape. He recently revised his Bitcoin price forecast to $21 million by 2045, up from his previous target of $13 million. According to Saylor, the widespread tokenization of global assets—estimated at $500 trillion—could drive Bitcoin’s adoption and valuation. This vision hinges on the U.S. taking a leadership role in developing a regulatory framework for blockchain-based systems, a scenario Saylor believes is more likely under a pro-crypto administration.

Despite Saylor’s bullish outlook, Bitcoin’s price movement has remained range-bound recently, with institutional profit-taking and relatively flat ETF inflows limiting upward momentum. Analysts noted that the U.S. jobs data for August, which fell below expectations, did not trigger the expected surge in Bitcoin prices. The cryptocurrency’s price has been consolidating around $110,000, with key resistance levels identified at $113,400 and beyond. Analysts are monitoring whether Bitcoin can break through these levels to regain stronger upward momentum.

Institutional activity remains a key factor in Bitcoin’s price dynamics. Recent data from CryptoQuant revealed that Bitcoin whales—holders with 1,000–10,000 BTC—have sold $12.7 billion worth of Bitcoin in the past month, marking the largest selloff since 2022. This activity, driven by risk aversion, has pushed prices below $108,000 at times. However, institutional accumulation has partially offset this pressure, providing a counterbalance that supports Bitcoin’s long-term structure.

The broader macroeconomic environment, particularly the Federal Reserve’s upcoming rate decision, remains a critical variable for Bitcoin’s near-term trajectory. The CME FedWatch Tool indicates a 100% probability of a rate cut in September, with a 25-basis-point reduction being the most likely outcome. While a rate cut could support risk assets, analysts caution that its impact on Bitcoin may be limited without stronger ETF inflows or broader liquidity expansion. The interplay between whale selling and institutional buying will continue to shape Bitcoin’s price action in the coming weeks.

Meanwhile, the U.S. is reinforcing its influence in the global crypto space, with Chinese mining firms shifting production to American facilities. Bitmain, once synonymous with China’s dominance in Bitcoin mining, has committed to building its next-generation S23 Hydro rigs in the U.S. and has partnered with American firms like Hut 8 Corp. on large-scale mining operations in Texas. This shift reflects a broader trend of U.S. infrastructure becoming central to Bitcoin’s industrial ecosystem. Additionally, political figures like Eric Trump have used the platform to promote U.S.-led crypto policies, emphasizing Bitcoin’s role in securing the dollar’s global dominance.

Source: [1] Michael Saylor's MicroStrategy misses S&P 500, Robinhood ... (https://finance.yahoo.com/news/michael-saylor-microstrategy-misses-p-002101210.html) [2] 1 Unstoppable Cryptocurrency to Buy Before It Soars ... (https://www.fool.com/investing/2025/09/06/1-cryptocurrency-buy-soars-18800-michael-saylor/) [3] Bitcoin stalls around $110000; Fed rate cut may not spark ... (https://www.theblock.co/post/369743/bitcoin-rate-cut-may-not-spark-rally) [4] Bitcoin Whales Dump $12.7B In Largest Selloff Since 2022 (https://cointelegraph.com/news/bitcoin-whales-dumped-115000-btc-largest-selloff-since-mid-2022) [5] Chinese rigs head stateside as US agenda steals the show ... (https://www.mitrade.com/insights/news/live-news/article-3-1088840-20250902) [6] Chinese miner Cango boosts Bitcoin output amid strategic US ... (https://finance.yahoo.com/news/chinese-miner-cango-boosts-bitcoin-124028848.html)