Whales Continue to Drive Major Selling Pressure on Bitcoin, Market Instability Persists

2026/02/22 17:32 (Updated 2026/02/23 09:01)
CoinPost
Written by A.Yamada
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Whales Continue to Drive Major Selling Pressure on Bitcoin, Market Instability Persists

Continued Exchange Transfers by Major Investors

On-chain analysis firm CryptoQuant released its weekly market report on the 20th, analyzing that the market structure of Bitcoin (BTC) is prone to further price fluctuations during bearish phases.

The analysis points to whales (large holders) being a major source of selling pressure on Bitcoin, widespread selling of altcoins, and outflows of stablecoins from exchanges.

While Bitcoin inflows to exchanges remain high, CryptoQuant notes that they have normalized, and the immediate selling pressure has decreased.

However, Bitcoin...

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MAGAZINE

Iolite Vol.18

March 2026 issueReleased on 2026/01/30
Interview: Iolite FACE vol.18 Takeshi Chino, Representative Director, Binance Japan PHOTO & INTERVIEW: Mai Shin Special Features: “Future Money — The Current State of Value Transfer” “Upcoming Amendments to Japan’s Crypto Asset Regulations” “The Reality of IEOs” Crypto Journey Beyond a Treasury Company: Becoming an Ethereum Evangelist — The Essence and Determination Behind HODL1’s Digital Asset Treasury (DAT) Strategy Interview with Hiroki Tahara, Representative Director, Kusim Inc. (now HODL1) Series: “Expert Perspectives on Interpreting Volatile Crypto Markets” — Kasou NISHI Series Tech and Future — Toshinao Sasaki …and more