Whale investors have recently executed significant sell-offs, leading to a sharp decline in Bitcoin reserves. Over the past 30 days, large holders, or “whales,” have sold off approximately 114,920 BTC. This massive sell-off, amounting to around $12.75 billion, marks the largest monthly reduction in three years, raising concerns among analysts about the future direction of Bitcoin’s price.
Currently trading at about $112,234, Bitcoin has seen a nearly 11% drop from its peak in August. Despite the current trading range between $109,000 and $112,000, analysts express apprehension about the cryptocurrency’s near-term outlook. They warn that if the selling continues alongside certain historical bearish patterns, Bitcoin could potentially dip below the significant psychological barrier of $100,000.
Adding to the anxiety is the upcoming “blood moon,” a lunar event that past trends suggest often correlates with market downturns. Crypto analyst Ted pointed out that previous blood moon occurrences since May 2021 have all preceded bearish trends in the market. His prediction holds that the current lunar event may trigger more selling pressure, possibly pushing Bitcoin and other cryptocurrencies downwards.
On a more positive note, Bitcoin’s long-term outlook appears robust, as corporate holdings have reached unprecedented levels. With companies now holding over 1 million BTC, institutional interest remains a critical factor, despite the current cautious sentiment. In the first week of September alone, firms acquired almost 9,800 BTC, though a recent report from CryptoQuant suggests a significant slowdown in the volume of corporate purchases. Previously, monthly buys peaked at over 134,000 BTC but fell dramatically to just 3,700 in August 2025.
Additionally, the one-year moving average for Bitcoin has surged impressively from $52,000 just a year ago to $94,000 today, illustrating the strengthening fundamentals of the cryptocurrency. Observers note that while short-term trends may showcase increased volatility, the overall market cap has more than doubled in the last year, gaining $1.13 trillion.
However, average transaction sizes among institutional buyers have diminished significantly, signalling a more conservative approach in the short term as market participants reassess their strategies amidst fluctuating conditions.
As the crypto market continues to evolve, investors are advised to remain vigilant and consider seeking professional guidance before making decisions based on ongoing trends and analysis.
