In August $BTC , whales sold a record 115,000 BTC for about $12.7 billion, creating pressure on the market and causing concern among investors. According to CryptoQuant, this is the largest outflow of coins from the wallets of large players since July 2022.

Analysts warn that "reductions in the portfolios of large players may continue to put pressure on Bitcoin in the coming weeks."

The largest weekly outflow was recorded on September 3, when whales moved 97,000 BTC — the highest figure since March 2021. However, by September 6, the weekly balance change had decreased to 38,000 BTC, indicating a partial reduction in aggressive selling.