Bitcoin Whales Shed $16.5B as Price Tests $110K–$112K Support; Corporate Demand May Offset

• Whales distributed roughly $16.5B in Bitcoin in the last month

• Price sits near $112,800 with critical support at $112k–$110k; daily close below could target $100k

• Corporate treasuries and private deals may be absorbing some whale supply; exchanges show limited direct dumping

Bitcoin whales shed $16.5B as BTC tests $112k–$110k support; read concise on-chain analysis and what traders should watch next.

What happened as Bitcoin whales shed $16.5B of BTC?

Bitcoin whales shed $16.5B by distributing coins from large wallets over the past month, according to on-chain researchers. This selling coincided with a technical breakdown below the 50- and 100-day moving averages, placing support at $112,000–$110,000 under pressure.

How fast did large wallets reduce holdings?

Wallets controlling thousands of coins reduced balances at the fastest rate this cycle. Many transfers occurred in blocks of 8,000–9,000 BTC. Much of the distribution came from long-term holders with holding periods of six months or longer, increasing realized supply available to buyers.

Are exchanges absorbing the selling pressure?

Exchange inflows do not show a proportional surge, suggesting much of the flow moved to private deals, OTC desks, or corporate treasuries rather than immediate exchange dumps. This nuance reduces immediate spot-market pressure but still raises liquidity concerns.

Why is the $112k–$110k zone critical for Bitcoin?

Support at $112k–$110k represents a thin defensive layer after Bitcoin slipped below its 50- and 100-day moving averages. A daily close beneath this band could validate bearish targets near $100,000, given weakening momentum indicators such as the RSI.

What role are corporate treasuries playing?

Corporate treasuries are notable accumulators. Recent large purchases by firms have added thousands of BTC to corporate balance sheets. These institutional flows can offset some whale selling, tightening supply available to the open market.

Frequently Asked Questions

How much BTC did long-term holders sell recently?

Long-term holders contributed significantly to the distribution. Researchers report many transfers from addresses that held coins for six months or longer, accounting for the bulk of the ~140,000 BTC moved.

Could corporate buyers fully offset whale selling?

Corporate treasuries are buying notable amounts, but current corporate purchases do not fully match the total whale distribution. The balance between these flows will determine near-term price stability.

Key Takeaways

• Large-scale distribution: Roughly $16.5B in Bitcoin was moved by whale addresses in the last month.
• Technical risk: Bitcoin sits below key moving averages with critical support at $112k–$110k.
• Offsetting flows: Corporate treasuries and private deals may absorb some supply, reducing immediate exchange selling pressure.

Conclusion

Bitcoin’s recent whale sell-off, amounting to approximately $16.5B, has coincided with a technical breakdown that places the $112k–$110k zone under pressure. Market participants should monitor on-chain transfer destinations and corporate accumulation to gauge whether institutional demand can offset continued distribution. Stay informed and consider liquidity and support levels when evaluating positions.

By: Alexander Stefanov — Reporter at COINOTAG

Published: 24 September 2025 | 13:32 (UTC)