On 22 October, we witnessed a large-scale move: around $101.4 million worth of Bitcoin and $18.9 million worth of Ethereum were sold on-chain.
Why This Could Matter
Such high-magnitude sells often signal capitulation from large holders, or portfolio rebalancing ahead of a shift.
When major tokens are sold en masse, it can increase short-term supply pressure — pushing prices lower temporarily.
But, market sentiment matters: if the move is perceived as a shake-out, it may create accumulation windows for savvy traders.
Watch for follow-through: Does selling trigger panic, or does it clear the path for a fresh rally?
Strategy for Traders
Monitor on-chain data for further large sell orders — they may mark the end of one leg and the start of another.
If this move represents distribution, be cautious; if it’s liquidation, look for oversold setups in BTC & ETH.Combine emotional cues (fear) with technical ones: RSI divergence, volume spikes, support holds.Use structured risk controls — when whales act, volatility can spike fast in either direction.
1️⃣ Do you believe this was a strategic sell-off or a simple reallocation?
2️⃣ Would you buy BTC/ETH here after such large sales, or wait for confirmation?
3️⃣ Which asset do you think will absorb this selling pressure better — Bitcoin or Ethereum?
Drop your insights below 👇
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