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On August 24, 2025, a Bitcoin whale, linked to wallets dormant for over five years, dumped 24,000 BTC worth $2.7 billion, sparking a flash crash that plunged prices from $114,700 to $110,700 and liquidated $390 million in positions. Despite the turmoil, Bitcoin partially recovered above $112,000, as the whale shifted holdings to Ethereum, raising questions about market stability and strategic pivots in the volatile crypto landscape.

JUST IN: A Bitcoin whale sold 24,000 BTC worth over $2.7 billion, causing today’s -$4,000 crash in minutes.

They still hold 152,874 BTC worth more than $17 BILLION

The Bitcoin OG who received 100,784 $BTC($642M then, now $11.4B) 7 years ago is frantically dumping $BTC for $ETH.

In the past 5 days, they've deposited ~22,769 $BTC($2.59B) to #Hyperliquid for sale, then bought 472,920 $ETH($2.22B) spot and opened a 135,265 $ETH($577M) long.

JUST IN: #Bitcoin flash crash today, which wiped out $310M in long positions, has been traced to a SINGLE Bitcoin whale dumping BTC for ETH.

The whale sold 24,000+ BTC, including coins that hadn’t moved in 5+ years, sending 12,000+ #BTC today alone to the Hyperunite trading platform.

They’ve sold 18,000+ BTC ($2B) so far and are in the process of dumping the remaining 6,000+ BTC ($670M). Most of the money is being moved into Ethereum, $2B bought and $1.3B staked.

No paper BTC conspiracies are required. The price has stalled because a number of whales have hit their magic number and are unloading. This is healthy - their supply is finite and their selling is required for the full monetization of Bitcoin.

Massive blocks of supply, with enormous purchasing power, are being distributed into the population.

This cycle is one of the greatest monetization events in history.