- Bitcoin exchange deposits have dropped from a peak of 60,000 BTC in early February to a recent seven-day average of 23,000 BTC, signaling a reduction in acute sell pressure.
- Despite the overall decline, large investors, or “whales,” accounted for 64% of all recent inflows, the highest concentration since 2015, indicating they continue to sell.
- Analysts describe a “great redistribution” of coins in 2025, as Bitcoin’s price has fallen 46% from its October high above $126,000 to trade near $67,582 recently.
- Analysis suggests the potential for a “bear market bottom” around $55,000, with prediction markets giving a 57% chance of a drop to that level before a rebound to $84,000.
A major wave of Bitcoin selling pressure has moderated recently, according to a new report from CryptoQuant. This change comes after a period of significant cryptocurrency market volatility that saw thousands of coins sent to exchanges for potential sale. However, the composition of those selling has shifted dramatically toward the largest holders. Consequently, while overall exchange inflows have eased, the concentration of selling by whales has reached its highest level in nearly a decade.
The firm’s “Exchange Whale Ratio” hit 0.64 this month. This metric indicates that 64% of all Bitcoin exchange inflows came from the top ten transactions by volume. CryptoQuant analyst J.A. Maartun previously characterized 2025 as a period of dramatic wealth transfer. “I call this the ‘great redistribution,'” Maartun told Decrypt.
Meanwhile, Bitcoin’s price remains significantly lower than its record high. The asset has fallen 46% from its peak above $126,000 last October. Further downside may be possible as buy-side pressure weakens. Previous analysis from the firm points to a potential ultimate bottom near the $55,000 level. This outlook is echoed on the prediction market platform Myriad, where users see a 57% chance the price falls to $55,000 before reaching $84,000.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
