selling

CryptoQuant analyst Axel Adler Jr. stated that Bitcoin dropped from $85,500 to $83,900, then slightly rebounded to $84,100. This decline was accompanied by a dominance of active sell orders and forced liquidations of long positions.Data shows that the Taker Order Pressure Oscillator once fell to -4.9, then rebounded to -3.1, indicating that the pressure from active selling has eased somewhat, but the bears still hold an advantage; at the same time, the Liquidation Pressure Oscillator dropped from -11 to -78, reflecting that forced liquidations of long positions are dominant. Analysis points out that if the Bitcoin price remains below $83,900 and both indicators maintain significantly negative values, there may be a risk of more persistent selling pressure.

According to the market intelligence platform Liquid24/7.xyz, the current price of Bitcoin is approximately $84,340. The near-term buy depth for BTC on Binance is about $16.1618 million, with sell orders around $10.3911 million, resulting in a net buy of approximately $5.7707 million; the perpetual buy orders on Binance are about $44.2172 million, with sell orders around $45.5145 million, resulting in a net sell of approximately $1.2973 million; the spot buy orders on Coinbase are about $26.6829 million, with sell orders around $23.6883 million, resulting in a net buy of approximately $2.9946 million.The perpetual buy orders on OKX are about $15.989 million, with sell orders around $20.2283 million, resulting in a net sell of approximately $4.2393 million; Hyperliquid has perpetual buy orders of only about $1.8911 million, with sell orders around $12.1844 million, resulting in a net sell of approximately $10.2933 million. The near-term sell orders on Hyperliquid are significantly thicker compared to buy orders, and if a large market order occurs, the slippage on the Hyperliquid side may be greater.

According to monitoring by Lookonchain, Pump.fun sold 102,495 SOL again 8 hours ago, worth approximately 12.41 million USD.As of now, Pump.fun has sold a total of 5,347,925 SOL (total value approximately 861.47 million USD), with an average selling price of 161 USD.

Cryptocurrency analyst Axel Adler stated that Bitcoin long-term holders (LTH) have reduced their holdings for the seventh consecutive week, but this has not yet hindered the rise in BTC prices, as the market continues to absorb the supply released by long-term holders.Data shows that the long-term holder supply change indicator remained positive from February to early August this year, during which long-term holders increased their holdings by approximately 1.2 million BTC in May. This indicator turned negative on August 17 and has been in a reduction state for seven consecutive weeks. As of September 28, the long-term holder supply change decreased by 73,400 BTC, a larger reduction compared to the decrease of 1,100 BTC a week earlier. Axel Adler pointed out that compared to the reduction of about 1.07 million BTC by long-term holders in November 2025, the current reduction scale is still relatively limited.If the future reduction scale of long-term holders reaches several hundred thousand BTC again, while BTC prices stop rising, it may indicate that the market's ability to absorb supply is declining. Additionally, the long-term holder SOPR indicator has been above 1 for the second consecutive week, indicating that long-term holders are taking profits. On September 21, this indicator rose to 1.24, the highest level since January of this year; as of September 28, the LTH SOPR was 1.18, meaning that BTC in transfer achieved approximately 18% realized profit compared to the cost basis. Current data shows that long-term holders are gradually taking profits as BTC prices rise, while new demand is still able to absorb the supply released by the market.

According to on-chain analyst @ai_9684xtpa's monitoring, an ancient Ethereum whale with a cost of only $11.61 has reportedly sold after being silent for 6 months, with potential profits of about $36.21 million.2 hours ago, this address deposited 13,330 ETH into Coinbase, worth approximately $36.37 million, with the ETH price at $2,728.59 at the time of the deposit. If this deposit is used for selling, it is expected to yield a profit of about $36.21 million, with a return on investment as high as 23,402%.

According to monitoring by Glassnode, investors who previously bought at high prices in the Bitcoin market are currently selling off. Data shows that there are two groups currently in a loss state: one group consists of investors who bought at a price of $97,000 one to two years ago, and the other group consists of investors who bought at a price of $89,000 six to twelve months ago.Analysis indicates that investors who entered during the price increase in 2025 are currently selling the most Bitcoin daily, while those who bottomed out during the market decline show a strong willingness to hold and are not selling off in large quantities.

According to Fortune, the U.S. Securities and Exchange Commission (SEC) has filed lawsuits against two private fund cases, accusing the relevant fund advisors of raising funds under the pretext of investing in popular tech companies like OpenAI and SpaceX before their IPOs, but allegedly providing false information to investors and misappropriating some of the funds.The SEC stated that Meyer Global Management and its head Owen Meyer are suspected of raising at least $18.5 million from nearly 100 investors to purchase shares of companies before their IPOs, but misappropriated at least $1.27 million, including using fund money for personal consumption, paying entertainment expenses, and personal investments. Among them, the SEC accused Meyer of establishing a fund for investing in shares of OpenAI and SpaceX, but some of the funds did not actually hold the relevant assets.In another case, the SEC and federal prosecutors accused Beyond Alpha Ventures heads Christopher Dinelli and Jacob Frankel of raising over $8.7 million from 35 investors and falsely promoting that the fund held shares in companies like SpaceX and xAI.The SEC stated that the two provided false investment reports, with some of the funds being used for options trading, film investments, and personal use. The SEC emphasized that the accused tech companies and their management have not been found to have engaged in misconduct. Regulatory agencies have been continuously monitoring investment products that promote "acquiring shares before popular private company IPOs" and have launched multiple enforcement actions against relevant private fund advisors.

Bitwise Research Director Ryan Rasmussen interpreted the company's first institutional cryptocurrency adoption report in an interview. The report interviewed 15 major institutions, covering pensions, endowments, foundations, and sovereign wealth funds. During the period when Bitcoin fell from $125,000 to $60,000, none of the interviewed institutions sold off, with many choosing to increase their holdings instead.Rasmussen stated that these institutions view Bitcoin alongside gold as a tool to hedge against currency devaluation. Wells Fargo allocated a position of 2% to 3% in Bitcoin, while Fidelity and BlackRock provided a range of 2% to 8%. He noted that the launch of ETFs has made this round of the Bitcoin bear market shallower than previous ones, with weekly ETF inflows reaching as high as $2.5 billion, bringing a new wave of capital to the market.He also mentioned that sovereign wealth funds are selling gold to buy Bitcoin and believe that $60,000 constitutes the bottom of this round. He simultaneously pointed out that Bitcoin has low correlation with bonds, gold, and stocks.

According to Lookonchain monitoring, a certain whale sold 25,001 ZEC, worth 37.84 million dollars.This whale purchased these ZEC two months ago at an average price of 425 dollars, making a profit of over 27 million dollars.

According to on-chain analyst Ember (@EmberCN), Pump.fun transferred $8.11 million in fee revenue to Kraken 2 hours ago, including 47,995 SOL (approximately $5.83 million) and 2.28 million USDC.

Analyst Darkfost stated that Bitcoin long-term holders (LTH) currently have an realized profit level of about 72%. Although they are in a profitable state, there is still a significant gap compared to previous market peaks.In comparison, in December 2024, LTH realized profits once approached 350%. Darkfost believes that long-term holders are currently in a relatively moderate profit-taking phase, similar to the levels during the last bear market, so most LTH may prefer to continue holding rather than cashing out on a large scale at this stage.

A team led by JPMorgan analyst Nikolaos Panigirtzoglou released a report on Wednesday stating that Bitcoin recently surpassed the estimated production cost of approximately $85,000. The report noted that Bitcoin had been below this estimated average production cost for 280 consecutive days before breaking above it during this week's rebound, briefly trading above it before slightly retreating, at around $84,100.The analysts indicated that historically, production costs have acted as a soft floor for Bitcoin prices. When prices remain below this level for an extended period, miners with high electricity and equipment costs may become unprofitable. The last time Bitcoin was below the estimated production cost for a similar duration was in 2018, lasting about 224 days, during which the price drop prompted high-cost miners to shut down, leading to a decrease in Bitcoin network hash rate and mining difficulty.The analysts stated that the mining industry today is larger and more industrialized than in 2018, but the same adjustment mechanism still applies, namely the exit of high-cost miners. If this new situation can be maintained, it should provide relief for Bitcoin miners, thereby reducing their risk of being forced to sell.

Renowned trader Bonk Guy responded to criticisms regarding long-term holding of tokens and not choosing to sell, stating that long-term holding of high-confidence assets is part of his trading strategy, and he does not believe that one must sell after a significant price increase.Bonk Guy indicated that PONS is the most promising utility token in his portfolio, currently valued at approximately 400 million dollars; USELESS is his most favored meme coin, currently valued at around 270 million dollars. Neither has reached 1 billion dollars, while some meme coins and protocols that performed strongly in the previous cycle had market capitalizations exceeding 4 billion to 5 billion dollars, which is why he has chosen to continue holding them.

According to on-chain analyst @ai_9684xtpa's monitoring, the address withdrew 4088.5 ETH at an average price of $2727.26 between September 21 and 23. After the market correction, the address deposited all ETH into Binance one hour ago, worth approximately $10.8 million; if sold, it would incur a loss of $342,000.The last round of swing trading for this address lasted 1 month, yielding a profit of $1.515 million.

Market news indicates that Powerlaw is considering a strategic sale of part of its SpaceX shares to raise funds for dividends, tax distributions, and new private market investments.

According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale with a heavy investment of 4.5 million dollars in Robinhood Meme and DeFi leader has liquidated PONS tokens, with a selling pressure of 3.67 million dollars driving the price down by 4%, from 0.6968 to 0.6688 dollars.During the period from 14:21 to 15:17 today, the whale sold 5.338 million PONS at an average price of 0.6779 dollars, worth 3.67 million dollars. PONS was originally the largest asset on this address, with an acquisition price of about 0.7154 dollars, resulting in a loss of approximately 200,000 dollars from this sale.

According to Lookonchain monitoring, a certain whale bought 788,000 UNI at a price of $6.26 six days ago, worth $4.93 million, and later sold it at a price of $8.85.

Bitcoin News posted on the X platform that Bloomberg senior commodity strategist Mike McGlone stated that U.S. Treasury bonds with a 5% yield now have the value to sell Bitcoin for allocation.

According to SoSoValue data, as of 8 AM Eastern Time on September 21, 2026, last week, global publicly listed companies (excluding mining companies) shifted from net selling to net buying of Bitcoin, with a net purchase amount reaching $183 million in a single week.Strategy (formerly MicroStrategy) purchased 950 Bitcoins last week at a price of $79,670, spending approximately $75.7 million, bringing its total holdings to 846,000 Bitcoins, marking its first purchase in two weeks.The Japanese listed company Metaplanet did not purchase any Bitcoin last week, marking ten consecutive weeks without purchases.Additionally, two other companies announced Bitcoin purchases or holdings last week. Ethereum asset company Bitmine announced the purchase of 1 Bitcoin after 8 AM Eastern Time on September 14, without disclosing the specific purchase amount, bringing its total holdings to 212 Bitcoins; asset management company Strive announced on September 21 that it spent approximately $108 million last week to purchase 1,355 Bitcoins at a price of $79,475, bringing its total holdings to about 26,355 Bitcoins.As of the time of publication, the total amount of Bitcoin held by the global publicly listed companies (excluding mining companies) in the statistics is 1,156,080 Bitcoins, an increase of 2.67% compared to last week, with a current market value of approximately $9.865 billion, accounting for 5.8% of Bitcoin's circulating market value.

Cryptocurrency analyst @AxelAdlerJr posted that after August 19, the number of bitcoins held by long-term holders has decreased for 5 consecutive weeks, but the pace of reduction in the last 30 days has significantly slowed from 105,900 BTC on August 30 to 21,700 BTC on September 20 (nearly five times slower).In addition, the amount of bitcoins held by long-term holders decreased by 47,800 BTC last week. LTH SOPR data shows that most of them were sold at a loss.