{"id":4387,"date":"2026-07-01T22:00:22","date_gmt":"2026-07-01T22:00:22","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=4387"},"modified":"2026-07-01T22:00:22","modified_gmt":"2026-07-01T22:00:22","slug":"bitcoin-whales-continue-selling-but-a-rare-signal-suggests-a-market-bottom-could-be-near","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/07\/01\/bitcoin-whales-continue-selling-but-a-rare-signal-suggests-a-market-bottom-could-be-near\/","title":{"rendered":"Bitcoin Whales Continue Selling, but a Rare Signal Suggests a Market Bottom Could Be Near"},"content":{"rendered":"\n
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As Bitcoin dropped to a 21 month low of $58,100, on chain data suggests a growing divide between large holders and retail investors.<\/p>\n\n\n\n

According to data from Santiment<\/a>, wallets holding between 10 and 10,000 BTC reduced their combined holdings by 0.37 percent since June 15. This indicates that whales and large investors have continued selling during the recent downturn.<\/p>\n\n\n\n

In contrast, wallets holding less than 0.01 BTC increased their holdings by 0.51 percent over the same period. This suggests smaller investors are continuing to buy during the decline.<\/p>\n\n\n\n

Rare Bottom Signal Emerges<\/strong><\/p>\n\n\n\n

Santiment noted that this divergence reflects growing confidence among retail investors, many of whom appear to believe the market is approaching a bottom and see the current dip as a buying opportunity.<\/p>\n\n\n\n

At the same time, larger investors remain cautious and have yet to resume meaningful accumulation. According to Santiment, Bitcoin and the wider crypto market may need more time before establishing a clear bottom unless whales return to buying.<\/p>\n\n\n\n

Meanwhile, crypto analyst Ali Martinez highlighted a rare on chain signal that has historically appeared near major market bottoms.<\/p>\n\n\n\n

His analysis shows that approximately 10.45 million BTC are currently being held at a loss, while around 9.60 million BTC remain in profit. This marks the first time in the current cycle that Bitcoin supply in loss has exceeded supply in profit.<\/p>\n\n\n\n

This crossover suggests that more than half of Bitcoin\u2019s circulating supply is now underwater, indicating that much of the speculative excess has already been removed from the market.<\/p>\n\n\n\n

Historically, this pattern has only appeared a few times over the last 15 years.<\/p>\n\n\n\n

The first occurrence happened in September 2011, with Bitcoin finding its bottom by November before entering a new bull market.<\/p>\n\n\n\n

A second crossover appeared in September 2014 and remained active until October 2015, just before another major rally began.<\/p>\n\n\n\n

The same signal emerged again in November 2018, ahead of a bull market that started in March 2019.<\/p>\n\n\n\n

During the March 2020 market crash, the signal lasted only 17 days before Bitcoin recovered sharply in April.<\/p>\n\n\n\n

Martinez noted that the current crossover began in June 2026 and remains active. While these periods have historically lasted anywhere from a few weeks to several months, he believes Bitcoin is currently in what he describes as a strong accumulation zone.<\/p>\n\n\n\n

Macro Factors Still Matter<\/strong><\/p>\n\n\n\n

Despite encouraging on chain signals, broader macroeconomic conditions may still determine the market\u2019s next major move.<\/p>\n\n\n\n

Ryan Lee, Chief Analyst at Bitget<\/a>, said stronger external catalysts are still needed to support a sustained recovery.<\/p>\n\n\n\n

These could include improved macroeconomic data, renewed inflows into Bitcoin exchange traded funds, easing geopolitical tensions, or stronger institutional demand.<\/p>\n\n\n\n

Lee emphasized that upcoming U.S. inflation data could be especially important because it may influence expectations around Federal Reserve policy.<\/p>\n\n\n\n

He explained that crypto markets remain highly sensitive to interest rate expectations, with Bitcoin, Ethereum, and altcoins still trading like liquidity driven risk assets.<\/p>\n\n\n\n

If inflation remains elevated, the Federal Reserve may delay rate cuts and maintain tighter monetary policy for longer. That scenario could continue putting pressure on crypto markets by reducing investor risk appetite, tightening liquidity, and making non yielding assets less attractive.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As Bitcoin dropped to a 21 month low of $58,100, on chain data suggests a growing divide between large holders and retail investors. According to data...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4387","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/4387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=4387"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/4387\/revisions"}],"predecessor-version":[{"id":4389,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/4387\/revisions\/4389"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=4387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=4387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=4387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}