When will this Bitcoin seller on Binance stop dumping? Long-term holders absorbed 186,000 BTC or $15.5 billion in 6 weeks

Buying Bitcoin now is like trying to catch a falling knife. Obviously, my emotions are in tatters. Cryptocurrencies have been in turmoil in recent weeks.

After Bitcoin fell below $100,000, it became a one-way trip. Dead cat bounces happen here and there, but most of the blame lies with the seller.

After falling below $90,000, the market capitalization of cryptocurrencies fell below $2.9 trillion. What more? There is a clear rotation into stablecoins as retailers dump. While the dominance of Bitcoin and Ethereum has declined, the dominance of stablecoins like USDT has increased in last week’s trading.

(sauce: coin gecko)

Discover: The following 20+ cryptocurrencies will explode in 2025

Why is Bitcoin falling?

There are several theories to explain why Bitcoin and the crypto market have been selling off in recent weeks.

Regarding X, one analyst pointed out the recent sharp decline. 1000X Cryptocurrencyto an entity on Binance, the world’s largest cryptocurrency exchange, which has been selling consistently during the opening of the New York market over the past two weeks.

this $BTC Sellers on Binance are starting to look like a single entity (or a tightly coordinated group) rather than a random flow.

For two weeks in a row, they hit the sell button exactly when the U.S. market opens at 9:30 ET.

Typically, such consistency… pic.twitter.com/vskoYNeOrh

— Frontrunners (@frontrunnersx) November 20, 2025

Analysts observe that Binance sellers “always hit the sell button at exactly 9:30 ET when the US market opens.”

During this time, BTC USD price has fallen by nearly 20%, reversing last year’s gains. So far, Bitcoin prices are in the red, down 14% year-on-year. To make matters worse, over the past 30 days, digital gold is down 22%, dragging the rest of the market along with it.

Considering consistency, analysts assume that companies operate under a “specific mandate or time frame.”

Optimistic traders can only wait and watch, hoping the unwinding stops soon. But for realists, the depth of the bag is unknown, so you can only start considering longs when the entity stops unloading.

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Are the big boys rebalancing their portfolio? Long-term holders absorb 186,000 BTC

Overall, Bitcoin and Top Solana Meme Coins After the sale on October 10th, it failed to regain the much-needed momentum.

The plunge briefly sent BTC USD down to $102,000, causing massive liquidations and driving some blue-chip stocks, including the Cosmos ATOM cryptocurrency, to zero.

Sentiment recovered a bit, but the drop below $100,000 forced traders to reconsider their positions. It was just what was needed. $100,000 wasn’t just a random number, it was an important support and psychological level.

Other than a small inflow of $75 million on November 19, Spot Bitcoin ETF issuers have mostly redeemed their shares. More than $1 billion of Spot Bitcoin ETF shares were redeemed before the closing price fell below $100,000 on November 13-14.

(sauce: soso value)

Redemption means selling the underlying BTC for cash on a regulated exchange, likely Coinbase or Kraken. In the current environment, prices tend to be lower due to volume sales.

Still, long-term holders have absorbed a record 186,000 BTC in the past six weeks despite Wall Street selling.

(sauce: CryptoQuant, X)

Technically, this massive absorption is a relief for HODLers and could trigger a massive short squeeze, driving prices aggressively higher.

Discover: Over 16 new and upcoming Binance listings expected in 2025

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