🔥102,900 transactions of millions triggered on-chain! 📊 The movements of whales during the six-week decline hide secrets
As a veteran with seven years of experience in the crypto space, Sister Yasi has always emphasized: whale movements are the 'weather vane' of the crypto market. Recently, Santiment's monitoring data is shocking—during the past six weeks of continuous Bitcoin price correction, whale activity surged against the trend, reaching a peak this week not seen since 2025: over 102,900 transactions exceeding $100,000, and 29,000 large transfers over $1,000,000 have emerged intensively, securing the title of the most active week for whale transactions this year.
Core of whale activity: The bidirectional game of selling and bottom-fishing.
Behind the on-chain data lies the precise operational logic of whales. On one hand, some 'ancient whales' holding for over 7 years accelerated their selling after Bitcoin fell below the key $100,000 mark. In November, whales holding over 1,000 coins reduced their holdings by 23,000 coins, a reduction rate of 12%. Many early holders regarded $100,000 as a preset profit-taking threshold. On the other hand, signs of whale bottom-fishing have appeared in the $92,000-$95,000 range, with some large funds beginning to position themselves for low-priced chips, creating a game pattern of 'selling and increasing holdings simultaneously.'
It is worth noting that this whale trading is not one-dimensional; it includes aggressive operations with 10x and 40x high leverage shorting, as well as the awakening of whales after 7 years who are selling Bitcoin and shifting to the Ethereum ecosystem, reflecting the divergence and diversification of whales' views on market trends.
Triple key impacts on the cryptocurrency market.
1. Short-term fluctuations intensify: Large transactions by whales can easily trigger programmed stop-losses, creating a vicious cycle of 'selling → falling → further selling.' Recently, Bitcoin briefly dropped below $95,000, with over 230,000 people liquidated in a single day, and whale selling pressure is one of the core driving forces.
2. Capital flow reconstruction: Some whales are shifting from Bitcoin to Ethereum and other potential ecosystems, driving the recent increase in Ether by 25%, while Bitcoin has decreased by 5.3% during the same period, showing a clear trend of 'abandoning the old for the new.'
3. Market sentiment under pressure: Bitcoin ETFs have experienced five consecutive weeks of capital outflow, with a total outflow of $2.6 billion. The combination of whale selling and weak buying pressure has led the market fear index to drop to a near 9-month low, spreading extreme panic.
However, Sister IELTS wants to remind everyone that whale selling is not necessarily a panic signal; it is more about early holders taking profits or redistributing assets. Historical data shows that such behavior is not uncommon during bull market cycles. The current market is in a critical phase of 'digesting profit-taking + capital rebalancing,' and every anomaly in on-chain data could indicate a trend reversal.
Want to get the changes in whale positions and key price support and resistance analysis as soon as possible? Follow Sister IELTS, with 7 years of practical experience in the cryptocurrency circle to help you analyze on-chain data, accurately grasp market rhythms~ Let's discuss in the comments whether you think the whales will increase their holdings or continue to sell off?
