Bitcoin continues facing strong selling pressure from wealthy investors who own large amounts of the cryptocurrency. The world’s biggest digital coin has fallen more than 8% from its recent high of over $124,000 and now trades around $113,707.
$BTC price failed to break above the descending trendline. If it breaks below the recent swing low, the next likely target is around the $112K level, where I expect strong support. pic.twitter.com/xpencb7yOq
— Man of Bitcoin (@Manofbitcoin) August 21, 2025
Data from the blockchain reveals that these big holders, known as “whales” in crypto circles, have been carefully selling their Bitcoin holdings on popular exchanges like Binance. Rather than selling everything quickly, they’re making smaller transactions of 100 to 1,000 Bitcoin each time.
This smart selling strategy helps them cash out profits without causing the price to crash dramatically. The whales seem to focus their selling activities when Bitcoin reaches certain price points, especially between $118,000 and $120,000.
Crypto analysts are concerned that this ongoing selling could push Bitcoin down to around $110,000 if regular buyers don’t step in soon. Every time Bitcoin tries to recover, more whale money flows into exchanges, creating fresh selling pressure that keeps prices down.
However, the situation isn’t completely negative. Some experts point out that institutional investors are still buying Bitcoin through other methods for long-term investment. This creates an interesting battle between short-term sellers and long-term buyers that will determine Bitcoin’s direction.
Conclusion
Big Bitcoin holders are selling while other investors keep buying, creating a tug-of-war in the market. Whether Bitcoin drops to $110,000 or stays steady will depend on which side wins this battle.
Also Read: Bitcoin Price Analysis
