Bitcoin whale offloads $627 million during market rebound

Monday 27 October 2025 - 11:50

By: Dakir Madiha

Bitcoin whale offloads $627 million during market rebound

Despite the recent recovery in Bitcoin prices, long-term holders, including high-profile whales, are offloading substantial amounts of cryptocurrency. One prominent Bitcoin whale sold $627 million worth of BTC within two weeks, even as the market shows signs of stabilization following successful trade talks between the United States and China.

Long-term holders accelerate sell-off

A well-known Bitcoin whale, tracked by blockchain analytics firm Onchain Lens, transferred an additional 200 BTC, worth approximately $22.32 million, to the Kraken exchange on October 26. This transaction brought the whale's total deposits to 5,603 BTC, equivalent to around $627 million, over the past two weeks.

The selling pressure extends beyond individual whales. Since June, long-term holders have sold over 300,000 BTC, with profit-taking accelerating significantly in October. Blockchain data provider Glassnode revealed that nearly 240,000 BTC were sold in the past 30 days, marking the largest wave of profit-taking since January 2025.

"The total volume of selling pressure from existing Bitcoin holders hasn’t been fully appreciated, but it remains the main source of resistance," said on-chain analyst James Check. "This isn’t manipulation or suppression; it’s simply long-time holders cashing out."

Bitcoin rallies despite selling pressure

Bitcoin has shown resilience amid this wave of selling, trading around $112,519 with four consecutive green daily candles. The cryptocurrency rose 5% over the past week, supported by news of successful trade negotiations between the United States and China.

This recovery follows a volatile period earlier in the month. Bitcoin hit an all-time high of $126,080 in early October before plummeting below $102,000 on October 10 during the "Great October Crash of 2025." This crash, triggered by heightened trade tensions between the U.S. and China, caused liquidations of $19–$20 billion in leveraged crypto positions.

Relief came when U.S. Treasury Secretary Scott Bessent announced that President Trump's threat of 100% tariffs on Chinese goods had been "effectively lifted." After two days of negotiations in Malaysia, the two nations reached a preliminary consensus on key trade issues, allowing Bitcoin to surge past $113,000 by Sunday.