2026-01-11 02:24:11

According to on-chain data observations, the actions of Bitcoin whales are undergoing an interesting shift.

In late December last year, the whale BTC long positions on Bitfinex once reached a historical high of 73,000 coins, then gradually started to decline. This signal is worth paying attention to—historically, similar whale de-risking often precedes the start of a new market cycle, and also helps to clear excessive leverage risks in the market.

Deeper changes are more clearly reflected in on-chain data. Since 2025, the BTC holdings of whale wallets have decreased by approximately 220,000 coins. What does this imply? Many analysts believe that Bitcoin is experiencing a key transition—from a phase of whale accumulation to a stage driven by broader participant engagement.

There's also an interesting detail. The frequent operations around the $90,000 mark by whales mainly reflect portfolio rebalancing adjustments rather than a bearish signal. In other words, they are making structural adjustments rather than panic selling. From a market psychology perspective, this shift from concentration to diversification often precedes the expansion phase.

BTC4,03%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes

Reward
12
10
Repost
Share

Comment

0/400

ruggedSoBadLMAO

· 14h ago

220,000 tokens are being thrown down, is the time for retail investors to rush in coming?

View OriginalReply0

MetaverseHomeless

· 01-12 13:52

Is whale deleveraging a good thing? Then when will retail investors be able to buy the dip? The more I hear this logic, the more it seems off to me.

View OriginalReply0

RunWithRugs

· 01-11 09:35

Whale dumps 220,000 tokens at once... Is this a move to empower retail investors? Or is there another deeper meaning?

View OriginalReply0

LiquidityWhisperer

· 01-11 09:04

Whale reduces holdings by 220,000 coins? Now retail investors might have a chance. The process from concentration to dispersion indeed seems like a prelude to the main upward wave.

View OriginalReply0

SoliditySlayer

· 01-11 02:53

Whale de-leveraging is to clear leverage, giving retail investors a chance to buy in at the bottom.

View OriginalReply0

PonziWhisperer

· 01-11 02:53

Whales are offloading? No, they're making room for retail investors... Really?

View OriginalReply0

YieldHunter

· 01-11 02:47

ngl if you look at the data, 220,000 tokens decrease sounds scary but technically speaking this is rebalancing... degens always can't see the difference clearly, panicking a lot

View OriginalReply0

tx_pending_forever

· 01-11 02:47

Is a whale reducing their position really a good sign? It seems like every time it's said, but in the end, we're still cut...

View OriginalReply0

TokenomicsTinfoilHat

· 01-11 02:38

Whale reduces holdings by 220,000 coins? This is definitely not an escape; rather, it's paving the way for retail investors... It has that vibe.

View OriginalReply0

LiquidityHunter

· 01-11 02:36

The whales are playing psychological warfare again. Reducing 220,000 coins may sound scary, but it's actually loosening the chips, giving retail investors a chance.

View OriginalReply0