Whales’ average Bitcoin holdings drop to 488 BTC, the lowest since 2018.
Despite whale profit-taking, Bitcoin price remains resilient near $112K.
Analysts suggest a “melt-up” could follow after whales complete their sell-off.
Bitcoin’s market faces a crucial phase as whales, or large holders, reduce their exposure to the cryptocurrency. Data from Glassnode, shared by Bitcoin Archive, shows that the average holdings of entities holding between 100 and 10,000 BTC have dropped to 488 BTC per wallet, marking the lowest level since 2018.
Whales are selling Bitcoin.
Average holdings for entities with 100–10K BTC just dropped to 488 BTC, the lowest since 2018.
Once whales finish taking profits, the melt-up can resume. pic.twitter.com/UUdm1R2bqs
— Bitcoin Archive (@BTC_Archive) September 3, 2025
This signals that major Bitcoin holders are actively taking profits after the cryptocurrency’s recent rallies. Historically, such behavior from whales has often preceded consolidation phases, with profit-taking temporarily affecting Bitcoin’s momentum.
Despite this selling trend, Bitcoin has shown resilience, trading within the $100,000–$110,000 range. This strong demand suggests the market’s underlying bullish momentum remains intact. Analysts believe that the market may be poised for a significant rally once whale selling subsides.
Profit-Taking or Set-Up for a Bullish Phase?
The distribution phase currently unfolding suggests that Bitcoin could be setting up for its next bullish leg. Bitcoin Archive pointed out that whale distribution cycles often precede sharp rallies, where liquidity decreases and selling pressure lowers.
Once profit-taking concludes, smaller investors could absorb the supply, creating the foundation for a more sustainable rise.
This pattern has played out in previous cycles: whales cash in during market strength, leaving the door open for upward price action as demand from retail and institutional investors intensifies. Once the current distribution cycle is complete, the market could be primed for a “melt-up,” a term used to describe a sharp rally as price momentum accelerates.
Bitcoin Breaks Out of Downtrend
The timing of this distribution is crucial as it coincides with global liquidity rising and flows into safe-haven assets like gold. Bitcoin, as a perceived digital safe-haven asset, could follow the trend, though the ongoing whale selling may cap short-term upside.
BITCOIN HAS NOW BROKEN OUT FROM
THE 20-DAY DOWNTREND CHANNEL pic.twitter.com/I7nMV1X4HQ
— Ash Crypto (@Ashcryptoreal) September 3, 2025
A key development is Bitcoin’s breakout from its 20-day downtrend channel, as it moves decisively above resistance levels. At the time of the breakout, Bitcoin was trading at around $112,211, signaling the potential for further upward movement.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
<p>The post Bitcoin Whales Reduce Exposure: Balances at Lowest Since 2018 first appeared on Coin Crypto Newz.</p>
