Bitcoin ETF

Bitcoin

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<p>A Bitcoin whale identified as 37BnFf sold 800 BTC for roughly $50.24 million after holding the position for seven months, locking in an estimated $35.3 million loss as Bitcoin struggled to regain stronger momentum above the low-$60,000 range.</p><p>The <a href="https://x.com/lookonchain/status/2067978455862632776" rel="noopener noreferrer nofollow">800 BTC sale</a> followed a high-cost accumulation from November 2025, when the same wallet withdrew 800 BTC from Binance and OKX during a much stronger market. That earlier purchase was made around an average entry price of $106,866 per BTC, leaving the whale deeply underwater when the coins were moved back toward the market near $63,000.</p><p>BTC traded near <a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow">$63,667</a> at the time of writing, after an intraday low near $62,308. The sale adds another visible realized-loss event to a market still trying to stabilize after falling roughly 50% from its $126,000 peak.</p><h2 id="whale-sale-lands-near-key-support">Whale Sale Lands Near Key Support</h2><p>The timing gives the trade more weight than the size alone. An 800 BTC sale is meaningful, but the larger signal is that a wallet that bought near the top waited seven months before capitulating into a much weaker price zone.</p><p>Bitcoin traders are already focused on the $59,000 to $60,000 area. That range has become a major line for spot buyers, leveraged positions and short-term market confidence. A clean break below it could trigger another liquidation-driven move, while a hold would keep the latest selloff inside a wider bottoming attempt.</p><p>Recent market structure has remained fragile. Bitcoin’s <a href="https://cryptoadventure.com/bitcoin-bottom-still-unconfirmed-as-realized-losses-miss-capitulation-levels/" rel="noopener noreferrer nofollow">bottom remains unconfirmed as realized losses stay below capitulation levels</a>, leaving traders split between a final liquidity sweep and a recovery attempt from the current range.</p><h2 id="long-term-holders-still-absorb-supply">Long-Term Holders Still Absorb Supply</h2><p>The whale exit does not sit alone. CoinDesk market updates showed accumulator wallets taking in about 125,000 BTC during the first half of June, suggesting longer-term holders have been absorbing supply while weaker hands and leveraged traders reduce exposure.</p><p>That split keeps Bitcoin’s onchain picture mixed. One high-profile whale has realized a large loss, but broader holder behavior still shows accumulation from wallets with a history of buying and holding through volatility. ETF demand has also been uneven, with earlier pressure from <a href="https://cryptoadventure.com/bitcoin-etf-outflows-hit-record-13-day-streak-as-4-33b-leaves-funds/" rel="noopener noreferrer nofollow">record Bitcoin ETF outflows</a> partially offset by selective institutional inflows into individual funds.</p><p>Exchange-flow data has added another layer. CryptoQuant recently showed <a href="https://cryptoadventure.com/bitcoin-traders-eye-59k-sweep-as-exchange-inflows-cool/" rel="noopener noreferrer nofollow">Bitcoin exchange inflows cooling as traders watched a possible $59,000 sweep</a>, meaning immediate sell-side deposits from some holder cohorts were easing even as price stayed heavy.</p><h2 id="bitcoin-market-stays-split-near-60k">Bitcoin Market Stays Split Near $60K</h2><p>The whale’s $35.3 million realized loss gives bears a clear example of fading conviction among large holders. It also shows how painful late-cycle entries can become when the market drops from record highs and fails to recover quickly.</p><p>At the same time, Bitcoin has not produced a one-sided capitulation signal. Long-term-holder accumulation, weaker exchange inflows and selective institutional buying still sit against whale selling, ETF pressure and heavy resistance above the current range.</p><p>The confirmed market picture is an 800 BTC whale exit near $63,000, a realized loss of about $35.3 million, BTC still trading above $60,000, and a broader onchain backdrop split between forced selling and long-term accumulation.</p><p>The post <a href="https://cryptoadventure.com/bitcoin-whale-sells-800-btc-at-35m-loss-as-60k-pressure-returns/" rel="noopener noreferrer nofollow">Bitcoin Whale Sells 800 BTC At $35M Loss As $60K Pressure Returns</a> appeared first on <a href="https://cryptoadventure.com" rel="noopener noreferrer nofollow">Crypto Adventure</a>.</p>

Bitcoin Whale Sells 800 BTC At $35M Loss As $60K Pressure Returns

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