Биткоин под угрозой: Распродажа китов и нехватка покупок от розницы Bitcoin at Risk: Whale Sell-Off and Lack of Retail Purchases

Starting from October 12, whales sold 32,500 BTC, whereas small investors actively bought on the dips. This contrasting behavior serves as a warning sign for Bitcoin, experts from Santiment noted.

“Historically, prices tend to follow the direction set by whales rather than retail investors,” they emphasized.

Charles Edwards, founder of Capriole Investments, highlighted the increasing selling volume of cryptocurrencies from long-term holders (over seven years) throughout 2025. This significant profit-taking puts pressure on the asset’s pricing.

Glassnode confirmed that this trend is a key characteristic of the current Bitcoin cycle.

After the drop on Friday, when Bitcoin fell below $100,000, the price of digital gold briefly recovered to around ~$103,700. At the time of writing, the quotes were maintaining levels above $102,000.

Analysts from Bitfinex believe that cryptocurrencies will experience a period of consolidation and moderate volatility in the short term. They stated in a comment for Cointelegraph that “there won’t be a clear surge to new highs.”

“We believe that the influx of funds into ETFs in early October pushed the price up to about $125,000, but then macroeconomic shocks in the middle of the month, the expiry of major options, and profit-taking pushed it back down to $100,000,” the analysts remarked.

According to SoSoValue, on November 6, spot Bitcoin ETFs attracted $240 million after six consecutive days of capital outflows. However, the following day, investors withdrew over $558 million from these products.

Bitfinex analysts estimate that a recovery of weekly inflows into BTC-ETFs to $1 billion, along with an improvement in macroeconomic conditions, could give the cryptocurrency a chance to reach $130,000.

Jake Kennis, a senior analyst at Nansen, believes that despite Bitcoin’s traditional end-of-year growth, “the recent liquidation and breakdown in market structure make this much less likely in the near term.”

However, if the dynamics “decisively change,” we could see new Bitcoin highs as early as 2025, the expert added.

It is worth noting that as leverage normalizes and relative volatility decreases in comparison to gold, the leading cryptocurrency could rise to $170,000 within the next 6-12 months, as projected by JPMorgan.