Bitcoin whale sells for 2.7 billion – BTC price collapses

After the Bitcoin price gained momentum last Friday, the market corrected on Sunday evening. This was apparently due to a Bitcoin whale who sold 24,000 BTC, valued at approximately $2.7 billion.
A large portion of the proceeds was shifted into Ethereum: more than 416,000 ETH, worth approximately $2 billion. The whale also purchased 135,263 ETH on Hyperliquid, representing a total exposure of 551,861 ETH.
This surprise sale triggered a short-term correction. The Bitcoin price fell by almost $3,000 to below $112,500 within minutes.

After the sale, the wallet still holds approximately 152,874 BTC, currently worth over $17 billion. If the wallet sells more Bitcoin, the price could fall even further.
According to Bitcoin influencer Willy Woo, the current BTC cycle is slower than previous ones because much of the supply is in the hands of a few whales whose holdings peaked in 2011.
“They bought their BTC for $10 or less. It takes more than $110,000 of new capital to absorb every BTC they sell,” Woo said.

Why is BTC moving up so slowly this cycle?

BTC supply is concentrated around OG whales who peaked their holdings in 2011 (orange and dark orange).

They bought their BTC at $10 or lower. It takes $110k+ of new capital to absorb each BTC they sell. pic.twitter.com/7CbWXsvX2l

— Willy Woo (@woonomic) August 24, 2025

He continued: “This difference in their cost base, the supply they hold, and their selling rate has profound implications for how much new capital needs to be infused to raise the price.”
The leading cryptocurrency has also received no support from Bitcoin spot ETFs recently. Traditional investors withdrew $1.17 billion from the index funds last week.
Ethereum has risen 220 percent since hitting a low of $1,471 on April 9, regaining lost ground against Bitcoin and Solana.

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