Analysts point to old whales for BTC's drop to $85,000

Bitcoin’s Monday drop to $85,000 indicates that both new whales and long-term holders are contributing to the decline. On-chain data also revealed that unrealized losses for BTC whales have reached levels not seen since 2023. CryptoQuant also found that wallets that purchased BTC over the past three months recorded a profit/loss margin of -25%. The analytics firm acknowledged that a drop in the range of -12% to -37% historically led to bull run reversals. BTC’s drop shows short-term holders under pressure Short-Term Holders Under Pressure “Historically, prolonged periods in which STH remain at a loss tend to coincide with weak-hand cleansing phases and supply transfer toward higher-conviction holders.” – By @oro_crypto pic.twitter.com/SFomZxz2Hl — CryptoQuant.com (@cryptoquant_com) December 15, 2025 Shivam Thakral, CEO of BuyUCoin, said new whales exiting the market don’t automatically imply forced selling. He added that capitulation risk increases if Bitcoin loses cost-basis levels for recent buyers, especially around...

https://www.cryptopolitan.com/bitcoins-new-traders-take-the-hit/