Українська
Русский
English
Santiment Points to an Alarming Signal for Bitcoin
Since October 12, whales have sold 32,500 BTC, while small investors have been actively buying the dip. This divergence in behavior acts as a warning signal for Bitcoin, experts at Santiment noted.
“Historically, prices tend to follow the direction of whales rather than retail investors,” they emphasized.
Charles Edwards, founder of Capriole Investments, drew attention to the increased selling activity among long-term holders (more than seven years) throughout 2025. Large-scale profit-taking is putting pressure on the asset’s price.
Glassnode confirmed that this trend is a key feature of Bitcoin’s current cycle.
“Using on-chain data, we can dig deeper.
Here, we highlight moments when 7y+ whale wallets spent more than 1,000 BTC per hour.
The key distinction in this cycle is that these OG whale high-spending events occurred more frequently, signaling persistent distribution.”📊 Source: Glassnode, X (Twitter), November 7, 2025
After falling below $100,000 on Friday, the price of the “digital gold” recovered to around $103,700. At the time of writing, quotes remain above $102,000 (according to CoinGecko).
Analysts at Bitfinex believe that in the short term, the cryptocurrency faces a period of consolidation and volatility.
“A clear breakout to new highs is unlikely,” they told Cointelegraph.
“We believe that the inflow of funds into ETFs in early October pushed the price to around $125,000, but subsequent macroeconomic shocks, option expirations, and profit-taking in mid-month pushed it back down to $100,000,” analysts said.
According to SoSoValue, on November 6, spot Bitcoin ETFs attracted $240 million after six consecutive days of capital outflows. However, the very next day, investors withdrew more than $558 million.
Bitfinex analysts estimate that restoring weekly inflows into BTC ETFs to $1 billion, combined with improving macroeconomic conditions, could give Bitcoin a chance to reach $130,000.
Jake Kennys, senior analyst at Nansen, believes that despite Bitcoin’s traditional year-end rally,
“the recent liquidations and breakdown of market structure make such a scenario far less likely in the near term.”
However, if momentum decisively shifts, we could see new Bitcoin all-time highs as early as 2025, the expert added.
As JPMorgan previously forecast, with the normalization of leverage and reduced relative volatility compared to gold, the first cryptocurrency could rise to $170,000 within the next 6–12 months.
See also: "JPMorgan issues a Bitcoin forecast for the coming months"
