Long-term holders sold 122,000 BTC (approximately $11 billion) in one day
Bitcoin (BTC) has seen long-term holder selling surge by 61% in one day, with ETF demand at its lowest level since November, and a descending chart pattern forming near key support levels, sending four simultaneous warning signals.
What happened: Holder selling accelerated
Long-term holders sold about 75,950 BTC on January 21. The next day, this number surged to approximately 122,486 BTC.
The 61% increase means a sharp acceleration rather than gradual distribution. Despite long-term holder NUPL falling to a six-month low, these sellers are still in the 'belief' zone and remain in profit.
Spot Bitcoin ETF in the US Records Significant Outflow
According to BlockBeats, monitoring data from Farside indicates that spot Bitcoin ETFs in the US experienced a cumulative net outflow of $642.9 million this week. #BTC #ETF
July closed with a record monthly candle Despite the sell-off on Friday, July still marked the highest monthly close for Bitcoin of all time at $115,784. All-time high: $122,800 (July 14) The largest monthly candle remains in November 2024, when BTC rose $26,000 in a month following Trump's electoral victory, according to Cointelegraph. #BTC
On-chain data suggests that the continuous decline in Bitcoin's price may lead to another major breakout. During the bull market of 2023–2025, Bitcoin witnessed three significant waves of profit-taking by whales, as reported by CryptoQuant data. The first wave followed the launch in March 2024 of Bitcoin spot ETFs in the US, the second occurred after Bitcoin surpassed $100,000, following the election of US President Donald Trump at the end of 2024, and the third happened in July 2025, after a breakout above $120,000 that triggered a sale of 80,000 BTC by an old whale. Each wave of profit-taking preceded a period of price consolidation or moderate correction, lasting between two to four months, according to CryptoQuant analysts. They note that these cooling phases have historically set the stage for new accumulation and subsequent breakouts to new all-time highs. The data provides compelling evidence that the market is going through another cyclical cooling phase, consistent with previous waves that preceded periods of consolidation and subsequent breakouts to higher prices. #BTC #ETF
The support of the 50-day EMA aligns with the neckline of the prevailing inverted head and shoulders (IH&S) pattern of Bitcoin. After breaking above this neckline, Bitcoin pulled back to test it again—a typical move after the breakout—and rebounded, reinforcing the validity of the bullish reversal setup. The successful test of the neckline now indicates that Bitcoin may be entering the continuation phase of its breakout, with the IH&S pattern targeting a movement towards $148,250. This target is close to the widely anticipated $150,000 for Bitcoin in 2025, which many analysts expect to materialize around October.