Active whale sale triggers massive liquidation and Bitcoin falls below USD 116,000
An inactive wallet for years, linked to an early whale (Satoshi era), sold 80,000 BTC (≈ USD 1.7 billion) through Galaxy Digital in the last few hours, including 10,000 BTC in just 8 hours, generating severe selling pressure. This caused Bitcoin to drop to USD 115,150–115,600, close to a key support level, and liquidated more than USD 600 million in leveraged long positions, of which around USD 140 million corresponded to BTC. The price action reflects a typical "leverage flush," although the market showed recovery capacity after the drop.
