- Bitcoin whales dump $2.4 billion; market absorbs shock.
- BTC ends 1.64% lower, demonstrating robust liquidity.
- Institutional ETF players contribute to market pressure.
Bitcoin’s price fell just 1.64% after a massive $2.4 billion sell-off by large investors, illustrating the market’s resilience.
The event highlights the market’s ability to absorb significant selling pressure, with liquidity and volume shaping contemporary trading dynamics.
In a recent event, a $2.4 billion Bitcoin sell-off occurred, showing the scale of institutional whale activity. Despite this significant order flow, Bitcoin closed down just 1.64% for the day, highlighting market resilience.
Primary sellers were Bitcoin whales controlling between 10,000 and 100,000 BTC, along with institutional players like Ark 21Shares. Within a week, whales offloaded over 30,000 BTC, causing temporary market disruption.
The sell-off triggered over $1 billion in leveraged liquidations within 24 hours, affecting exchanges like Bybit and Binance. Despite the abrupt sell, Bitcoin’s market depth allowed for minimal price impact.
Financial markets faced increased pressure as institutional ETF rebalancing contributed to the sell-off. Bitcoin prices briefly fell below $118,000, but market absorptive capacity led to swift recovery.
Historical data suggests a pattern of large entities driving volatility. The recent event mirrors previous flash crashes such as the U.S. government’s Silk Road coin movements.
Analysts note Bitcoin’s improved market liquidity, enabling large trades with minimal slippage. Despite lack of direct public statements, on-chain data and ETF disclosures indicate whale and institutional activity.
“The market is large enough that you can TWAP $1B+ of BTC over multiple days with very little slippage. This is what real liquidity looks like in 2025.” — Arthur Hayes, Co-Founder, BitMEX
