Bitcoin ETFs experienced their largest single-day outflow since August, with a total of $558 million withdrawn as prices remained around $102,000. According to SoSoValue, this shift caused several major funds to end the day in negative territory, indicating that traders are adjusting their positions following recent price increases.
Fidelity’s FBTC led the outflows with $256 million in withdrawals, followed by Ark Invest and 21Shares’ ARKB, which saw $144 million in redemptions—a record relative to the fund’s size. BlackRock’s IBIT also recorded $131 million in outflows, marking its seventh day of net withdrawals in the last eight trading sessions.
Meanwhile, JPMorgan increased its stake in BlackRock’s ETF by 64%, holding 5.28 million shares worth $343 million as of September 30. The bank also held $68 million in call options and $133 million in put positions on the same date.
The significant daily outflow appears to reflect a repositioning rather than a market crash. Some managers are taking profits, while others are quietly increasing their exposure, which helps explain why prices remained relatively stable despite the redemptions. Observers note that these moves point to growing macroeconomic uncertainty rather than a loss of confidence in Bitcoin.
On-chain data shows that long-dormant wallets have been active, with sales ranging from $100 million to $500 million from addresses that had been inactive for years. K33 Research highlighted that 319,000 BTC held for six to 12 months were moved for profit-taking, and “mega whales” sold approximately $45 billion worth of Bitcoin over the past month, indicating a coordinated exit by early holders.
Bitcoin has been trading within a narrow range, with support between $100,000 and $102,000 and resistance near $114,000. The 100-day and 200-day moving averages are above current prices and have acted as resistance. A recent rejection near the 100-day moving average around $110,000 led to a quick retest of support around $101,000, which some traders view as a liquidity sweep.
Chart analysts note that price stabilization at a high-volume node, where past corrections have found support, is significant. A series of equal lows on some charts suggests that liquidity below $100,000 may have been cleared.
Frequently Asked Questions
Of course Here is a list of helpful and clear FAQs about major Bitcoin holders cashing out
Beginner General Questions
Q1 What does it mean when major Bitcoin holders cash out
It means that people or entities who own very large amounts of Bitcoin are selling a significant portion of their holdings for traditional currency like US dollars
Q2 Why is this happening now
There are several common reasons they believe the price is near a peak and want to lock in profits they need liquidity for other investments or they are reacting to negative economic news or uncertainty
Q3 How does this affect the price of Bitcoin
When large amounts of Bitcoin are sold at once it increases the supply available on the market If demand doesnt keep up this increased supply typically causes the price to drop
Q4 Who are these major holders or whales
They can be early investors large investment funds cryptocurrency exchanges or corporations that have added Bitcoin to their treasury reserves
Q5 Should I be worried and sell my Bitcoin too
Not necessarily While it can signal a potential price drop its just one factor You should make investment decisions based on your own research financial goals and risk tolerance not just on the actions of others
Advanced Practical Questions
Q6 How can you tell that whales are cashing out
Analysts use blockchain analysis tools to track large transactions moving from private wallets to known exchange wallets which is a strong indicator of an intent to sell
Q7 Is this a sign of a market top
It can be Historically largescale selling by longterm holders has often coincided with market peaks but its not a guaranteed indicator Markets are influenced by many complex factors
Q8 Whats the difference between normal profittaking and a major selloff
Normal profittaking is steady and happens gradually as the price rises A major selloff is characterized by a rapid concentrated series of large transactions that can overwhelm normal market buying pressure
Q9 Could this selling be a good thing in the long run
Possibly It can redistribute Bitcoin to a wider range of holders which can decrease the markets vulnerability to a single entitys actions