Pisces dumps $ 438 million in bitcoin – why BTC is now at a crossroads star-news.press/wp

Main meals

As the continuous price declined, BTC lost the main support level. But dEspite The Assisthish Asifective, BitWise stated that the institutional demand for bitcoin is six times higher than the available offer.

More than two weeks have passed since Bitcoin (BTC) started moving down, and has lost 13 % of its value. Currently, it continues to keep this landmark.

Based on the work of prices and the activity of the last whale, the origin appears to be likely to extend its downward direction in the coming days.

High trading volume

At the time of the press, BTC has been hovering near the level of $ 108,500, after it recorded a decrease of 1.65 % over the past 24 hours.

Despite the continuous low prices, participation continued from investors and traders in the increase, which led to a 15 % increase in trading volume.

This increase in trading volume during low prices indicates a strong negative power of the original.

The whale separates $ 438 million in BTC, it’s time for sale?

On August 30, tracked Blockchain transactions Lookonchain I found that the whale threw 4000 BTC with a value of $ 438 million in two transactions of 2000 BTC each, which was implemented within 12 hours.

This is not the only activity in which the whale participated. The publication on X also revealed that over the past 24 hours, this whale has been delivered BTC’s possessions against ETH.

According to modern data, the whale purchased 49,850 ETHs at a value of $ 219 million, and continued to collect ETH in the instant market. So far, this encryption whale added 691,358 ETH, worth $ 3 billion.

The potential reason behind the BTC emptying and ERT accumulation is yet unknown, but the whale appears to follow the current trend.

The demand for bitcoin for institutions

Looking at this discharge, you may consider selling BTC Holdings because of the belief in more negative momentum.

But, recently, the Asset Management Company has been waiting for a report that reveals that Bitcoin’s request is increasing dramatically as the global interest continues.

Since the beginning of 2025, institutions have bought 690,710 BTC compared to 109,072 BTC only by miners. This indicates that the institutional demand for bitcoin is six times higher than the offer.

Source: x/Btc_archive

When combining the activity of the whale with the BitWise report, it appears that Bitcoin may be in the direction of a short -term decline, but the long -term look remains bullish.

Data also reveals that in 2024, institutions bought 913,006 BTC, while only 217771 BTC were extracted. During that year, the BTC price increased by more than 150 %, which explains the strong trend in the long run.

Bitcoin: Keys to watch

Ambcrypto’s technical analysis reveals that BTC lost its main support at $ 110,000 on the daily chart. It also closed a daily candle less than this level, indicating a possible preparation for more negative momentum.

However, there is another support at 107,490 dollars, which can still carry the BTC price of decline.

Source: TradingView

Based on the modern measures of historical prices and patterns, if the negative momentum continues and the price failure to obtain this domestic support, the decrease by 7.5 % may be possible.

If this happens, the BTC price may decrease to $ 100,000.

In the press, the Supersrend technical index turned red and moves over the BTC price. This indicates that bitcoin is in a declining direction with a strong negative momentum.

While the RSI is 38 -year -old, which alludes to the morale of the Habbiyah market and that BTC is approaching the sale area.

Main liquidation levels BTC

Given the current market morale, traders seem to follow the wider direction.

According to the Series Analysis Company, the main liquidation levels in BTC are $ 107261 on the underside and $ 109,592 on the upper side.

Source: Coinglass

These are not just major levels, as merchants are excessive at these points, where he held long positions worth $ 664 million and $ 1.06 billion in short positions.

Therefore, the bears currently dominate the original, and the decrease from the level of 107261 dollars can lead to a sharp decrease.