Bitcoin’s been on edge lately, and it ain’t because of some casual trader hiccup.
This weekend, a long-silent, heavy-hitter whale decided to flex, dumping 24,000 BTC in one move.
That’s nearly $2.7 billion flying out the door like it’s nothing. The market? It took a sharp hit. Red alert.
Unloading the pile
On-chain analyst Sani pointed out that this stash hadn’t stirred for over five years. Yup, these coins sat locked up tighter than a vault in a mafia bank. Then, boom, all liquidated and sent over to Hyperunite.
JUST IN: A Bitcoin whale sold 24,000 BTC worth over $2.7 billion, causing today’s -$4,000 crash in minutes.
They still hold 152,874 BTC worth more than $17 BILLION. 😳
h/t @SaniExp pic.twitter.com/m4aM9JwlAO
— Bitcoin Archive (@BTC_Archive) August 24, 2025
And wait for it, just on August 24 alone, this whale pushed another 12,000 BTC for sale. The big guy’s not done yet, still unloading his pile.
Willy Woo, a well-known on-chain expert, says this whale business explains why Bitcoin’s growth has been crawling like a turtle.
These OG whales, bagging BTC back when it was less than $10, hold the power like Capos at the family table.
Their selling puts serious pressure on the price, and the market has to absorb every bit of that without flipping the boat.
Bearish momentum
And the most interesting part? This whale’s moving cash into Ethereum. Over $2 billion worth.
It’s a swift switch from BTC’s throne to ETH’s rising empire. A personal flippening, if you like it. Many believe that this rotation sparked Bitcoin’s nasty $45 billion market cap crash on August 24.
As the whale sold off, waves of sell orders followed suit, dragging BTC down near $110,500 at one point.
If you peek under the hood, indicators like RSI and MACD are flashing red alerts, confirming the bearish momentum isn’t just noise.
Temporary pause?
But, and here’s the twist, not everyone’s buying the story that OG whales are cashing out big time. A Bitcoin evangelist known as Parman throws cold water on this.
His take? These early adopters aren’t selling off mountain loads. Maybe a nibble here and there, but not enough to shake the market so fiercely.
“There aren’t enough OGs to move the needle that much.”
So, what’s the real play here? Is this whale’s sell-off a sign of Bitcoin losing its grip, or just a temporary pause as power quietly shifts toward Ethereum? This is the real question.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
📅 Published: August 27, 2025 • 🕓 Last updated: August 27, 2025
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