Bitcoin News Today: Whales Buy 20,000 BTC as ETFs Bleed—Could This Be Bitcoin’s Reset?

Bitcoin has struggled to maintain its position around $115,000 amid outflows from exchange-traded funds (ETFs), though whale activity suggests potential for a reversal. Despite the pullback, which has seen Bitcoin fall nearly 7% from its peak on August 14, key on-chain indicators and wallet movements point to continued accumulation by large holders. Whale wallets holding between 10–10,000 BTC have added over 20,000 BTC since the recent pullback, bringing their total accumulation since March to over 225,000 BTC. This trend has historically been associated with price recoveries and is being interpreted by some analysts as a sign that major investors are positioning for another upward move [1].

The U.S. spot Bitcoin ETFs have seen $121 million in net outflows on August 18, contributing to nearly $140 million in monthly outflows. This contrasts with Ethereum, which has attracted $2.83 billion in inflows over the same period. Ethereum's ETFs, including BlackRock’s iShares Ethereum Trust ETF (ETHA), have drawn significant institutional interest, particularly as expectations of staking approval for Ethereum ETFs grow [1].

Meanwhile, the broader market is showing mixed signals. While short-term technical indicators suggest downward pressure, longer-term moving averages still provide support. On the 4-hour chart, Bitcoin is below the midline of its Bollinger Bands, and the relative strength index (RSI) is nearing oversold levels. However, the 100- and 200-day moving averages remain above current price levels, indicating a potentially resilient trend. Oscillators like the MACD and momentum indicators show bearish signals, though the Bull-Bear Power indicator hints at a potential shift back in favor of buyers [1].

Whale activity and the historical behavior of Bitcoin during similar corrections have led some analysts to anticipate a rebound. In both 2017 and 2021, sharp pullbacks acted as technical resets before major rallies resumed. If Bitcoin holds the $114,000 support level, it could serve as a foundation for a new price discovery phase. A move back toward the $118,000–$120,000 range appears feasible, with a retest of the $124,000 all-time high becoming a potential target if volume confirms such a breakout [1].

On the other hand, continued ETF outflows could exacerbate downward pressure. The 100-day and 200-day moving averages, around $110,000 and $103,000, are key support levels. A failure to hold $114,000 could lead to a more severe correction. Institutional investors, however, remain active. For example, hedge fund Brevan Howard disclosed holding $2.32 billion in BlackRock’s Bitcoin ETF, while Avenir Group increased its stake in iShares Bitcoin Trust ETF (IBIT) to $1.01 billion [2].

The expansion of Bitcoin ETFs is not limited to the U.S. Markets in Hong Kong and Kazakhstan have seen notable activity, with Hong Kong’s Bitcoin ETFs attracting 31.49 BTC in net inflows and Ethereum ETFs adding 2,595 ETH. Kazakhstan introduced its first physically backed Bitcoin ETF (BETF) on the Astana International Exchange, with full custodianship by BitGo and $250 million in insurance coverage [2]. These developments indicate growing global institutional adoption and regulatory acceptance of Bitcoin as a financial asset class.

Source:

[1] Bitcoin ETFs outflows BTC whale buys reversal 2025 (https://crypto.news/bitcoin-etfs-outflows-btc-whale-buys-reversal-2025/)

[2] Bitcoin ETF inflows defy price drops (https://www.tradingnews.com/news/bitcoin-etf-inflows-defy-price-drops)