Bitcoin Whales Have Cashed Out Billions Since $100K, Says CryptoQuant CEO Ki Young Ju

CryptoQuant founder reveals that Bitcoin whale investors have been steadily taking profits since BTC clocked $100,000, noting heavy selling pressure

The Bitcoin price rose above $107,400 on Tuesday, fueled by hopes of the U.S. government shutdown resolution. However, it has dropped nearly 2% in the past 24 hours to $103,400 at the time of writing. Accordingly, several market watchers have called attention to the rising selloffs from different whales.

Bitcoin Whales Are Dumping

Will Sellers Dominate?

In his post, Ju reiterated his view that the bull cycle ended in early 2025, suggesting a bear market was likely to follow. However, he acknowledged that heavy BTC accumulations from institutional investors like Strategy (formerly MicroStrategy) and notable inflows into BTC exchange-traded funds (ETFs) offset the bearish outlook.

Nonetheless, Ju has predicted that sellers will dominate the crypto market again if institutional capital and ETF inflows fade. He further highlighted in the post that there is still heavy selling pressure in the market as BTC failed to break the $108,000 resistance in its latest upswing.

However, Ju said the current levels of BTC could be a good accumulation opportunity for those investors who think the BTC’s macro outlook is strong.

Why Current Entry May Be Favorable

As earlier highlighted by CryptoQuant analyst Moreno, Bitcoin’s current level is at a liquidity setup that has historically set the tone for major BTC rallies. This further signals a good buying opportunity for Bitcoin investors.