Litecoin Faces Selling Pressure as Whales Offload Tokens, Bitcoin Whales Quietly Prepare for Next Move

Bitcoin has been experiencing a period of relative calm, with its price stabilizing around $85 on Thursday after recovering 6% so far this week. This stability comes amidst growing concerns about potential selling pressure, as on-chain data suggests that Litecoin (LTC) holders' profit-taking activity has reached a three-month high. This increased activity, coupled with the movement of dormant wallets, indicates that there may be significant selling pressure building up.

The Network Realized Profit/Loss (NPL) metric from Santiment shows a significant spike on Wednesday, reaching its highest level since the end of March. This spike suggests that LTC holders are selling their tokens at a significant profit, which could lead to increased selling pressure. Additionally, the Age Consumed index from Santiment indicates that dormant tokens are being moved, which historically has preceded a decline in LTC's price. This movement of tokens from wallets to exchanges increases selling pressure and could signal a downtrend for LTC.

Furthermore, Santiment’s Supply Distribution data reveals that a specific whale wallet, holding LTC tokens between 100,000 and 1 million, has offloaded 340,000 LTC tokens from Tuesday to Thursday. This reduction in exposure by a major holder could further contribute to a decline in LTC prices. The Relative Strength Index (RSI) for LTC is currently below its neutral level of 50, indicating bearish momentum. If LTC fails to close above the 50% price retracement level at $91.61, it could extend its decline to retest its weekly support at $77.19. However, if LTC manages to close above the $91.61 resistance level, it could extend its rally toward its next weekly resistance at $96.30.

In early June, blockchain data registered a massive $2 billion BTC movement that sparked speculation of a fresh inflow of capital. Traders, analysts, and enthusiasts alike wondered if this was the start of a new bullish wave. However, a closer inspection revealed the truth: the funds were not new entrants but part of an internal wallet restructuring by Binance. This internal shuffle may have looked like a tidal wave, but it didn’t represent fresh liquidity entering the market. It was, essentially, the same water moving from one side of the pool to the other.

More telling than the transfer itself is what came after. Whale activity across major exchanges has sharply declined, particularly regarding BTC deposits. This isn’t panic—it’s precision. Many of these entities seem to have cashed in partial profits and stepped aside. According to on-chain analysts, this kind of quiet behavior often precedes major moves. It’s a classic pattern: unload a portion of holdings, wait for the market to stabilize, and then re-engage at full force when conditions are optimal.

Analyst Darkfost’s recent chart, shared on June 26, 2025, on X (formerly Twitter), sparked interest across the trading community by showing that current whale behavior is nearly identical to what occurred in the lead-up to Bitcoin’s last all-time high in 2024. Back then, whales executed aggressive transfers to exchanges, then paused. That period of calm was followed by one of the most explosive rallies in Bitcoin’s history. The current resemblance is difficult to ignore, and market participants are watching closely for signs of another breakout.

If past patterns are any guide—and in crypto, they often are—this period of relative quiet may not last long. Whales, known for their market timing, could be preparing for the next leg up. For investors, institutions, and retail traders alike, the takeaway is clear: pay close attention not just to what’s happening, but also to what isn’t. Silence, especially from major players, is rarely random in the crypto space.