CryptoQuant: New Bitcoin Investors Sold Over 148,000 BTC at a Loss
- New investors sold 148,000 BTC at a price below cost, CryptoQuant reported.
- The reason is the breaking of the psychological mark of $100,000.
- The expert believes that “old whales” are dragging the market down.
On November 14, 2025, new and retail Bitcoin investors recorded their largest loss-making selloff in the past year. According to CryptoQuant, they dumped 148,241 BTC—nearly $14.3 billion—at a price of approximately $96,853 per coin. Analysts note that this was significantly lower than their average entry price of $102,000–$107,000.
New Money Bleeds: 148K BTC Dumped at a Loss Under $100K
“While it signifies intense short-term pain, this transfer of coins from panicked sellers to steadfast buyers at a discounted price can solidify a stronger long-term base.” – By @Crazzyblockk pic.twitter.com/bdQah68vXN
— CryptoQuant.com (@cryptoquant_com) November 17, 2025
The company explained that such actions were typical of capitulation. Investors who entered the market near the local peak were unable to withstand the fall below the key $100,000 mark. They locked in their losses to avoid further losses, converting their paper losses into real ones, the statement said.
“The market often finds its footing precisely when the weakest players are forced out. […] While this caused acute short-term pain, the transfer of coins from panic-stricken players to confident buyers at a reduced price could lay a solid long-term foundation. This capitulation could have been a necessary, albeit harsh, reset, potentially marking a climax of fear preceding a more stable period,” the company emphasized.
According to CryptoQuant CEO Ki Young Ju, the market is currently undergoing a major rebalancing phase.
The expert explained that the current decline is actually the result of a redistribution of coins among long-term holders: older Bitcoin holders are selling the asset to traditional financial investors who also expect to hold it for the long term.
He added that “the cycle theory no longer works as long as major players build liquidity channels.”
As a reminder, we previously reported that investors withdrew more than $1.1 billion from the Bitcoin ETF in a week.
Source: cryptonews.net
