Bitcoin has seen significant selling activity from major holders, fueling fears of increased volatility and potential price declines. Over the past week, large-scale investors have offloaded thousands of BTC, intensifying market uncertainty.
Investors Shed Millions in BTC Amid Market Concerns
Recent data from Santiment reveals that wallets holding 10 or more BTC have collectively sold approximately 6,813 BTC, marking the most substantial reduction in holdings since July. This wave of selling coincided with a 16% drop in Bitcoin’s price over the last seven days.
On-chain analytics suggest a strong correlation between whale selling pressure and the ongoing market correction. Historically, when these large holders accumulate BTC, it signals potential price recoveries, making their future moves a critical indicator for traders looking for market reversals.
Bitcoin’s performance remains closely linked to broader risk asset trends, with continued spot BTC ETF outflows adding to market uncertainty. On February 26, outflows surpassed $744 million, highlighting weak investor conviction. Given the current sentiment, analysts warn that Bitcoin could retest the $70,000 level if selling pressure persists.
MVRV Data Offers a Contrasting Perspective
While short-term uncertainty looms, Assure DeFi CEO and crypto analyst Chapo remains bullish on Bitcoin, citing the Market Value to Realized Value (MVRV) Ratio as a key metric for evaluating market cycles.
In a recent post, Chapo emphasized the importance of data-driven analysis over emotions when assessing BTC’s price trajectory. Currently, Bitcoin’s MVRV ratio stands at 2.09, suggesting that the average holder has more than doubled their investment.
Historically, sharp MVRV spikes indicate market tops, signaling peak profit-taking opportunities. Chapo predicts that this cycle’s MVRV could reach 3.2, implying that 2025 may remain bullish before a possible peak. He advised traders to track MVRV closely, as it has consistently identified market tops and ideal buying opportunities in previous cycles.
Make money without lifting your fingers: Start using a world-class auto trading solution.
EightCap, your trusted Partner in CFDs, Cryptocurrencies and Stocks.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
