Bitcoin’s Momentum Stalls as Investors Reduce Exposure

Bitcoin is facing mounting pressure around the $110,000 mark, with data showing a sharp decline in whale accumulation and weakening institutional demand. The asset is facing a critical test at $110K, with billions in whale selloffs and cautious corporate buys.

Whale Sell-Off Hits Highest Level Since 2022

According to CryptoQuant analyst Caueconomy, the Bitcoin market is experiencing the largest wave of whale selloffs since 2022. In the past 30 days alone, whale reserves have declined by more than 100,000 BTC, equivalent to roughly $11.1 billion at current prices.

Weakening Institutional Demand

These large holders appear to be reducing exposure amid growing market uncertainty. Caueconomy also warned that the trend is not over, stating that current whale portfolios are still in decline, which could continue to weigh on Bitcoin over the coming weeks. Adding to the concern, another analyst Maartun revealed on Monday that long-term holders offloaded 241,000 BTC, one of the largest since early 2025.

Institutional Activity Cools Despite Record Holdings

A separate trend of declining institutional interest is also unfolding. Although Bitcoin treasuries currently hold a record 840,000 BTC in 2025, the growth rate has sharply declined. According to CryptoQuant, Strategy, the biggest holder with 637,000 BTC, experienced a decrease in its monthly purchases, which were 134,000 BTC in November 2024 and only 3,700 BTC in August 2025.

Caution and Liquidity Constraints

Bitcoin buys by other companies also slowed during this period, reaching only 14,800 BTC, far below this year’s peak of 66,000 BTC. Although the number of transactions is still high, the size of those purchases is shrinking. Strategy’s average transaction size dropped to 1,200 BTC, while others averaged just 343 BTC, down 86% from early 2025 levels. This trend suggests caution and possibly liquidity constraints.

Price Action Signals Range-Bound Trading

Bitcoin is trading at press time at $111,134, per market data from bitpulse. The crypto market giant is down over 10% from its all-time high of $124,128 and remains in a range of consolidation between $110,000 and $115,000.

Technical Indicators Give Neutral Signals

In the meantime, technical indicators are giving neutral signals. The ADX (Average Directional Index) is 16.10, which indicates a weak direction in line with the current sideways movement. BTC must overcome $115,000 to continue the bullish trend, with $120,000 or $125,000 as potential targets. Conversely, a decline below $110,000 can pull BTC to the $105,000 mark once again.