Bitcoin Whale Activity Explodes: Analysts Brace | Crypto News
Bitcoin fell below $90,000 this week for the first time in seven months, and big transfers have surged.
According to Santiment, more than 102,000 transactions above $100,000 and roughly 29,000 transactions above $1 million had been recorded over the latest stretch — a stage that may make this the most energetic whale week of 2025.
Whale Counts Climb As Small Holders Fall Back
Based on Glassnode figures, the quantity of addresses holding at least 1,000 BTC rose to 1,384 from 1,354 about three weeks earlier, a 2.2% rise and the very best depend in 4 months.
At the same time, wallets with one BTC or less slipped to about 977,420 from 980,577 late in October, exhibiting smaller holders are scaling down.
Those two trends together have some market watchers studying a shift from panic promoting toward bigger consumers taking positions.
Bitcoin’s whales have gotten more and more energetic as costs have dumped over the past six weeks. So far this week, we now have seen:
Over 102.9K Whale Transactions exceeding $100K
Over 29K Whale Transactions exceeding $1MThis week has a good probability of ending up as the… pic.twitter.com/oHsnMfEjgP
— Santiment (@santimentfeed) November 19, 2025
Traders And Analysts See Two Things At Once
Some merchants argue the big transfers are plain shopping for. Others say the sample seems to be like compelled promoting by leveraged accounts, adopted by accumulation as the market finds a new base.
One on-chain observer flagged repeated, time-bound promoting that could possibly be tied to liquidation occasions, a sample that may end once obtainable provide dries up or liquidations stop.
Market Sentiment Has Turned Very Negative
Sentiment gauges show concern is strong. Reports put the Crypto Fear & Greed Index close to 11, a studying inside the “extreme fear” zone, and on-chain short-term holder measures have weakened, with the STH Realized Profit-Loss Ratio dipping below ranges often seen around local lows.
Taken together, those readings recommend many latest consumers are underwater and that capitulation has been intense.
If large transfers recorded by Santiment had been largely outbound from exchanges, that would appear like accumulation into cold storage or OTC custody and may cut back promote stress.
If those strikes had been inbound to exchange wallets, the same flows may level to distribution. Right now, the data show a combination: big holders are rising their counts while weaker arms exit, which might help a stabilizing backside, but it also leaves room for short-term swings if another compelled vendor seems.
Several market members described the transfer as a “washout” that clears short-term froth. Others famous that news occasions — from major earnings to macro headlines — have amplified twitch trading and sudden swings, which might set off both big transfers and sudden price drops.
A handful of asset managers say they’re seeing shopping for at discounted costs while retail participation cools.
Featured image from Gemini, chart from TradingView
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