Bitcoin faces significant selling pressure from its largest holders, according to new data from analytics firm CryptoQuant. The cohort of whales holding between 1,000 and 10,000 BTC has reversed from being net buyers in 2024 to becoming net sellers, with their one-year holdings now showing a deficit of 188,000 BTC. This shift marks what the report describes as “one of the most aggressive large-holder distribution cycles on record,” amid broader market uncertainty and geopolitical tensions.
According to CryptoQuant data, Bitcoin whales holding between 1,000 and 10,000 BTC are now selling as a whole. This group purchased over 200,000 BTC in 2024, but their one-year holdings have since fallen to -188,000 BTC.
The report characterized this development as “one of the most aggressive large-holder distribution cycles on record.” Mid-tier holders, those with 100 to 1,000 BTC, have also slowed accumulation since November of last year. This slowdown coincided with a market dip in late 2025 and a broader shift toward safe-haven assets like gold and silver.
Despite the sell-off, CryptoQuant maintains that Bitcoin could still rally if macro risks ease. The firm suggested a potential price range of $71,500 to $81,200 under improved conditions.
However, continued distribution among large holders could lead to further price dips. Bitcoin recently faced rejection at the $69,000 resistance level, which is lower than its previous $72,000-$73,000 ceiling. This pattern of lower highs may signal ongoing price corrections.
CoinCodex analysts predict a price increase to $78,900 by April 10, 2026. They forecast a subsequent correction to $71,157 by June 22, 2026.
Market direction remains unclear given the persistent whale selling. Geopolitical tensions, including hints of escalated military conflict in the Middle East, could prolong a bearish period. Furthermore, the Federal Reserve‘s current stance on interest rates may continue to deter investment in risk assets like cryptocurrency.
