Bitcoin Whales Dumping Bitcoin to $90,000

Bitcoin hodler whales are threatening to push the cryptocurrency's price down to $90,000 by November 2025.

Cryptocurrency investor Charles Edwards published a chart showing that the wealthy individuals who bought BTC before 2018 have been actively selling their coins this year, apparently seeking to lock in huge profits. Eight years ago, Bitcoin was worth around $10,000, and in 2025, its price exceeded $100,000, meaning these whales have multiplied their capital by 10 times or more.

Bitcoin hodler whales selling up to $100 million (orange lines) and up to $500 million (red lines)

Among the wealthy individuals who dumped BTC was Owen Gounden, who sent 3,600 bitcoins worth $372 million to the Kraken exchange on November 8. Analysts at research firm Lookonchain predict that he will soon sell his remaining 3,100 BTC.

If the bigwigs continue to sell their coins on the market, Bitcoin will fall significantly. This is evidenced by the bearish flag pattern forming on the chart. Judging by the flagpole's height, the coin's price will fall to $90,000, thereby declining by 11% from its current value. If the bulls manage to break the $100,000 support barrier, Bitcoin's price should rise to $110,000.