- Bitcoin whale transaction volume is reaching its highest weekly level in 2025 amid Bitcoin’s drop below $90,000.
- More than 102,000 whale transactions exceeding $100,000 have been recorded, along with about 29,000 transactions over $1 million.
- Data indicates large holders are shifting from selling to accumulating Bitcoin at discounted prices.
- Market movements show signs of forced selling likely related to liquidation events but may be nearing an end.
- Experts observe increased whale buying activity despite market fear and volatility.
Bitcoin has fallen below $90,000 for the first time in seven months, coinciding with a surge in activity among Bitcoin whales—investors holding large amounts of the cryptocurrency. According to the market intelligence platform Santiment, whale transactions have reached a yearly peak in weekly volume as these whales engage in buying after a period of selling, noting over 102,000 transfers exceeding $100,000 and an additional 29,000 transactions over $1 million.
The rise in whale activity aligns with the recent slump in cryptocurrency prices. Santiment describes the current trend as a gradual shift from dumping Bitcoin to accumulating it once again, with the week likely marking the most active whale trading period of 2025 (Santiment on X). Some market observers attribute part of the recent price declines to whale selling; however, analytics from Glassnode report that large holders have been purchasing Bitcoin since late October. This is further evidenced by a spike in wallets holding over 1,000 BTC starting last Friday.
Pav Hundal, lead analyst at crypto trading platform Swyftx, linked spikes in whale trading to recent news cycles and geopolitical events in the U.S. He commented to Cointelegraph that both whales and retail investors are entering the market, buying after dips, supported by a buy-to-sell ratio of 10:1 on Swyftx’s order books amid recent rallies.
“The market is irrational at the moment. We’ve seen an unprecedented shake-out of short-term holders over the last few weeks. When you look at the data, I see this as mechanical shakeout. This looks like a much needed washout and reset for the market,” he said.
Meanwhile, Bradley Duke, Managing Director at Bitwise Asset Management, noted that despite widespread fear, the number of Bitcoin whales is increasing as they take advantage of lower prices, as reported in his X post.
“While fear and panic had afflicted many investors, the number of BTC Whales has spiked up of late. Large holders are keeping a level head and buying at discount prices from panic sellers. Stay strong,” Duke added.
On the sales side, Tushar Jain, co-founder of Multicoin Capital, observed patterns suggesting a large forced seller in the market, likely due to recent liquidations tied to the October 10 events. In an X post, he noted systematic selling during specific hours but expressed doubt that this selling pressure would persist much longer.
Additional industry figures like Tom Lee, BitMine chairman, and Matt Hougan, Chief Investment Officer at Bitwise, have recently suggested that Bitcoin’s price may be approaching a bottom soon.
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