The August-September "Fastest" Sell-off: Following Bitcoin's surge to new all-time highs above $124,000 in August, whales began distributing at the fastest rate of the current cycle, moving roughly 147,000 BTC out of their wallets in just 30 days.
The October-November Distribution: Another massive wave of selling occurred between October 12 and November 30, where whales and "sharks" collectively offloaded over 113,000 BTC. This period was characterized by long-term holders taking significant profits as the market showed signs of overheating.
December's "Buy the Dip" Reversal: Despite the overall yearly decline, December has seen a tentative return to accumulation. Santiment reports that whales have added approximately 47,584 BTC back into their holdings so far this month, providing a temporary floor for the price near the \$87,000 – \$88,000 range.
Market Impact: On-chain analysts, including Ali Charts, note that this type of massive whale distribution typically precedes deeper market corrections.
