FEAR IS BUILDING 😧 WATCH OUT 🚨
MASSIVE DUMP INCOMING
🧾 Who’s Selling BTC and ETH Recently?
Bitcoin (BTC)
Institutional flows: U.S. spot Bitcoin ETFs saw net outflows of ~6,086 BTC on August 4, tied to withdrawals totaling around $695 million, with Fidelity alone pulling 2,965 BTC (~$338 M) .
Whales and short-term holders: On‑chain data reveals large deposits to exchanges near 7,000 BTC per day on Binance with a mix of whales and speculators offloading into losses. On August 1 alone, over 40,000 BTC from short-term holders were sent to exchanges .
Short‑term holder profit‑taking: CryptoQuant/Glassnode metrics show short‑term holders beginning to book gains, adding downward pressure, while long‑term holders appear to stay put
Context: Despite a 3.7% pullback over the week and liquidations exceeding $922M in crypto derivatives, net flows from long‑term holders suggest accumulation amidst short‑term selling
Summary: Bitcoin selling pressure in the last few days has come from institutional ETF withdrawals, whale and short‑term seller movement to exchanges, and mined profit‑taking even as long‑term investors largely hold.
Ethereum (ETH)
Major whale liquidation: A prominent ETH whale identified with address 0x3c9E sold 33,682 ETH (~$119 million) over a three‑day span, including 7,500 ETH transferred to exchanges .
ETF outflows: Ethereum spot ETFs recorded their largest single‑day outflow (~$465M) to date; total ETF outflows across two days reached ~$617 million, heavily impacting Grayscale’s ETHE (~1,895 ETH, ~$6.76M)
Mid‑size holder redistribution: Platforms like IntoTheBlock show mid‑size investors offloading, while both whales and retail are showing net accumulation over the past 30 days .
Offsetting accumulation: Despite selling pressure, long‑term holders remain in profit and continue to accumulate mega‑whale wallet counts rose sharply, and inflows into BlackRock’s ETH ETF reached $1.7B over 10 trading days.