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Some bitcoin ‘whales’ may be selling, blockchain data indicates

cryptonews100_tggfrn by cryptonews100_tggfrn
November 5, 2025
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Some bitcoin ‘whales’ may be selling, blockchain data indicates
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Huge bitcoin holders seem to be promoting their tokens, threatening to pull the cryptocurrency deeper into the pink, in line with Citigroup. “On-chain data indicates a gradual decline in Bitcoin ‘whales’ (addresses holding giant quantities of Bitcoin), whereas smaller ‘retail’ wallets have elevated,” Citi analyst Alex Saunders stated Tuesday in a notice to purchasers. “Some giant, long-time holders may have turned to sellers.” Bitcoin plunged greater than 6% on Tuesday, briefly falling under a crucial $100,000 assist stage for the primary time since late June, as investor sentiment towards cryptocurrencies and AI-linked shares soured amid issues the risk-on belongings may be overvalued. The current worth motion marks a continuation of bitcoin’s downward pattern over the previous few weeks. Final month, the token’s historic October seasonal tailwinds did not materialize for the primary time since 2018, largely because of a flare up in U.S.-China commerce tensions in addition to cascading liquidations of extremely leveraged digital asset positions in the course of the month. Bitcoin was final buying and selling up 3.2% at $103,788.13. The main cryptocurrency is down 6% over the previous week.



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