"These so-called whales have always held outsized influence, but their behavior throughout 2025 suggests that a major shift is underway that could fundamentally reshape how Bitcoin ( BTC) behaves heading into 2026. The turning point came on Oct. 10, a day many traders now view as the unofficial end of the most recent crypto bull market. While billions in retail positions were wiped out in minutes, one early Bitcoin whale walked away with roughly $200 million in profit."
"Cointelegraph's latest video delves into these questions, using onchain data and expert insights to examine both early "OG" whales and the newer class of institutional whales, including exchange-traded funds (ETFs) and publicly traded treasury companies. We examine why OG whales have been selling heavily this year, how institutions absorbed that supply, and why institutional demand now appears to be slowing. We also explain why retail traders often misread whale activity and how these signals can lead to poor decisions."
For more than a decade, Bitcoin's largest holders have driven many of the market's biggest surges and crashes. On Oct. 10 billions in retail positions were wiped out in minutes while one early whale realized roughly $200 million in profit. Large, long-inactive wallets moved thousands of BTC for the first time in years, signaling renewed activity among major holders. OG whales sold heavily throughout 2025 while institutional buyers, including ETFs and public treasury companies, absorbed much of that supply. Institutional demand now appears to be slowing, and retail traders often misread whale moves, which can prompt poor trading decisions. These shifts in whale behavior could fundamentally reshape Bitcoin price dynamics heading into 2026.
Read at Cointelegraph
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