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Bitcoin
Bitcoin (BTC)
$117,666.00 1.63645
Bitcoin price
Ethereum
Ethereum (ETH)
$2,959.42 0.19309
Ethereum price
BNB
BNB (BNB)
$689.72 0.66267
BNB price
Solana
Solana (SOL)
$162.34 -1.13598
Solana price
XRP
XRP (XRP)
$2.73 7.79678
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000133 0.1597
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000124 -0.42044
Pepe price
Bonk
Bonk (BONK)
$0.0000225 -5.41903
Bonk price
dogwifhat
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$0.963647 -8.43072
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Popcat
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$0.360444 -3.15033
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Bitcoin
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$117,666.00 1.63645
Bitcoin price
Ethereum
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$2,959.42 0.19309
Ethereum price
BNB
BNB (BNB)
$689.72 0.66267
BNB price
Solana
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$162.34 -1.13598
Solana price
XRP
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$2.73 7.79678
XRP price
Shiba Inu
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$0.0000133 0.1597
Shiba Inu price
Pepe
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$0.0000124 -0.42044
Pepe price
Bonk
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$0.0000225 -5.41903
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dogwifhat
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$0.963647 -8.43072
dogwifhat price
Popcat
Popcat (POPCAT)
$0.360444 -3.15033
Popcat price
Bitcoin
Bitcoin (BTC)
$117,666.00 1.63645
Bitcoin price
Ethereum
Ethereum (ETH)
$2,959.42 0.19309
Ethereum price
BNB
BNB (BNB)
$689.72 0.66267
BNB price
Solana
Solana (SOL)
$162.34 -1.13598
Solana price
XRP
XRP (XRP)
$2.73 7.79678
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000133 0.1597
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000124 -0.42044
Pepe price
Bonk
Bonk (BONK)
$0.0000225 -5.41903
Bonk price
dogwifhat
dogwifhat (WIF)
$0.963647 -8.43072
dogwifhat price
Popcat
Popcat (POPCAT)
$0.360444 -3.15033
Popcat price

Bitcoin whale selloff stopped as price surpasses $68k

Anthony Patrick
Edited by
Markets
Bitcoin whale selloff stopped as price surpasses $68k

On-chain data shows a significant decline in the Bitcoin large holder outflows as the flagship cryptocurrency remains above the $68,000 mark.

According to data provided by IntoTheBlock, the Bitcoin (BTC) whale net flow shifted from an outflow of 1,650 BTC on Oct. 17 to a net inflow of 211 BTC on Oct. 19. The momentum shows increased accumulation from large holders.

Bitcoin whale selloff stopped as price surpasses $68k - 1
BTC price and large holder net flows – Oct. 20 | Source: IntoTheBlock

CryptoQuant CEO Ki Young Ju confirmed the intensified accumulation.

Per a crypto.news report, data provided by Young Ju shows that new whale addresses, with at least 1,000 BTC, held over 1.97 million coins yesterday—showing an 813% surge since the start of the year.

One of the key drivers behind Bitcoin’s bullish momentum is the increased investor interest in the U.S.-based spot BTC exchange-traded funds.

According to the report, these investment products saw an inflow of $2.1 billion last week—the total net inflows surpassed the $21 billion mark.

Moreover, data from ITB shows that the Bitcoin exchange net flows remained in the negative zone for the third consecutive day, recording a net outflow of over 2,300 BTC, worth $157 million, on Oct. 19.

Increasing exchange outflows usually hint at a lower selling pressure. However, short-term profit-taking would still be expected since the BTC price is close to its all-time high of $73,750.

Bitcoin has been consolidating between $68,000 and $68,600 over the past 24 hours. Its market cap is sitting at $1.35 trillion with a daily trading volume of $13.8 billion — down by 55%.

A declining trading volume could potentially bring lower price volatility for the leading asset.