Bitcoin Price Drops as Dormant Whale Sells $2.7B BTC
- Dormant whale sells 24,000 BTC, market volatility follows.
- Bitcoin price fell from $115,000 to $113,000.
- Ethereum sees increased institutional interest and ETF inflows.
A dormant Bitcoin whale sold 24,000 BTC in August 2025, causing a notable price drop and revealing market liquidity issues as institutional capital shifted towards Ethereum and major altcoins.
This activity underscores evolving market dynamics driven by legacy holder actions and ETF trends, impacting Bitcoin’s stability and spotlighting the growing appeal of Ethereum and altcoins.
24,000 BTC Sale by Dormant Wallet Triggers Price Drop
The Bitcoin whale moved 24,000 BTC to the Hyperunite trading platform, causing a sharp drop in prices. This wallet had been inactive for five years, raising concerns about market liquidity.
Sani, a Bitcoin on-chain analyst, reported that the whale sold in two tranches. “The whale sent 12,000 BTC to the Hyperunite trading platform on Sunday and the whale is ‘still actively selling.'” Meanwhile, institutional focus shifted to Ethereum and other altcoins, altering market dynamics.
Bitcoin Price Falls from $115,000 to $113,000
The Bitcoin price fell from roughly $115,000 to $113,000, leading to increased volatility and leveraged liquidations in futures markets. Cryptocurrency exchanges faced heightened oscillations.
The market saw a funding shift, with significant capital moving from Bitcoin to Ethereum, as indicated by rising ETF inflows and staked ETH supply.
Historical Whale Sell-Offs and Market Impact
Similar whale sell-offs have historically induced flash crashes, followed by volatility. Early Bitcoin adopters control significant supply, influencing market cycles.
Experts advise watching on-chain metrics to anticipate market health, including Ethereum’s validator exit queues and Bitcoin’s open interest trends.
Willy Woo, Bitcoiner/Market Analyst, stated, “They bought their BTC at $10 or lower. These old holders are the supply drag this cycle, with dormant whales controlling the market’s tempo.”
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