Whales Unload $16.5B in Bitcoin Can BTC, ETH, and XRP Hold Key Support Levels?
The crypto market is feeling the weight of whale movements, and traders can’t ignore the signals. Over the past two months, large holders have unloaded 147,000 BTC worth $16.5B, a de-risking wave that has unsettled market structure. This aggressive offloading has triggered volatility, leaving Bitcoin’s price action hanging near crucial levels.
Right now, BTC is holding slightly above the 100-day EMA at $111,869, with a short rebound over $112,500 offering temporary relief. But upside momentum remains capped, as the 50-day EMA at $113,810 looms as a strong barrier before the $116K mark. The risk is clear: a decisive break below the 100-day EMA could open the door for a drop under $110K. Meanwhile, the RSI at 44 tells us retail demand is creeping back, but the market still lacks strong conviction until momentum flips above the midline.
Ethereum is also under the microscope. Outflows from ETH ETFs exceeded $217M in just two days, showing institutional caution. Price action is consolidating between $4,066 support and the 50-day EMA at $4,247. Bulls need a daily close above $4,247 to keep momentum alive and potentially retest $4,500, while deeper support zones sit at $3,846 and $3,385.
XRP is trying to shake off the pain of six consecutive red days. Bulls are defending the 100-day EMA at $2.83, supported by an RSI uptick to 43. If buyers can hold this level, recovery attempts are possible. But if support breaks, losses could extend toward $2.70 and $2.59.
The bigger picture? Whale sell-offs are reshaping sentiment across majors, ETFs highlight the cautious mood around ETH, and retail demand is still too fragile to offset the weight of institutional exits. Until technical supports prove resilient, the market sits on a knife’s edge watching for either a rebound to higher ranges or a break that drags the majors lower.
Stay sharp, because volatility is far from over. ⚡