Bitcoin Whales Sell 25,740 BTC as Retail Investors Buy the Dip

On-chain data reveals that Bitcoin (BTC) whales have offloaded 25,740 BTC in the past seven days, according to crypto analytics firm IntoTheBlock. These large holders, who control between 10,000 and 100,000 BTC, have taken advantage of recent price fluctuations to cash out, contributing to the market's ongoing volatility. Some of these whales, dormant for three years, have reactivated their wallets to sell on Binance.

Despite this massive sell-off, on-chain metrics show a growing number of addresses accumulating BTC, suggesting that retail investors see this as an opportunity to buy at lower prices. Many traders anticipate future gains, taking advantage of Bitcoin’s price correction to enter the market.

At the time of writing, Bitcoin is trading at $88,365.61, reflecting a 0.73% decline in the last 24 hours, with intraday lows of $86,008.23. The price movement remains highly volatile, yet market sentiment remains bullish.

CryptoQuant CEO Ki Young Ju has emphasized that Bitcoin is still in a bullish cycle despite the price correction. He believes that even if BTC dips to $77,000, it does not indicate a shift into a bearish trend. Instead, the market is undergoing a typical correction phase, with long-term investors maintaining confidence in Bitcoin’s growth.

As whales exit and retail investors step in, the market remains resilient. With increasing accumulation and ongoing demand, Bitcoin’s long-term outlook continues to appear strong despite short-term price swings.