The Breakdown Whales Unload Billions As Bitcoin Plunges To Six-Week Low
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Aug 27, 2025 Bitcoin's sudden plunge below $110,000 shocks traders, driven by whale liquidations. A massive transfer of 24,000 BTC, the first in six years, stirs speculation about market stability. The conversation dives into the implications of whale activity and the shift towards Ethereum amidst significant ETF outflows. Traders grapple with whether we're facing a market correction or nearing a peak. Insights on Bitcoin accumulation trends and treasury company challenges highlight the dynamic changes within the evolving crypto landscape.
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Short-Lived Post-Jackson Hole Rally
- Bitcoin surged after Powell's Jackson Hole remarks but immediately gave back gains across the weekend.
- The rally reached $117k for BTC and $4,850 for ETH before a swift retreat below $110k.
Whale Rotation Triggered Volatility
- Glassnode shows wallets across sizes moved into distribution after the all-time high.
- A whale that hadn't moved funds in six years liquidated 24,000 BTC and rotated into Ethereum.
ETH Outperformance From Whale Flows
- The whale moved proceeds into spot and leveraged Ethereum longs, helping ETH hit a new ATH while BTC fell.
- That rotation amplified weekend volatility and surprised many traders.