5 Facts Behind the Rp43 Trillion Bitcoin Whale Sell that Triggered Crypto Market Turmoil

Jakarta, Pintu News – The crypto market is in turmoil again after a massive sell-off by a Bitcoin (BTC) whale over the weekend. Despite the sharp price correction, analysts and market participants see this event as a natural dynamic in the evolving cryptocurrency ecosystem.

1. Whale sells 24,000 Bitcoin, market crashes in minutes

According to a report from Decrypt written by Akash Girimath, a sell-off of 24,000 BTC worth $2.7 billion occurred on Sunday, August 25 , 2025. This caused a price correction of 3.74% in just 10 minutes, triggering $623 million worth of liquidation, according to data from CoinGlass.

Despite the impact, Bitcoin price still recorded a daily gain of 2.41% from the weekend low of around $110,484 (Rp1,796 billion). At the time of writing, Bitcoin price was trading at around $113,169 (Rp1,841 billion), according to CoinGecko.

Also Read: Ondo Finance could be a crypto dark horse in Q4 2025? Here are 4 ONDO facts to know!

2. Experts: This Sell-Off is Healthy for the Ecosystem

Vijay Boyapati, a software engineer and crypto and economics expert, stated that the whale sell-off is part of Bitcoin’s “full monetization” process. In a post on the X platform, he mentioned that this selling reflects healthy profit-taking and is necessary for the market to thrive.

Similarly, Alex Krüger, founder of Aike Capital, said that once the sell-off is over and the short-term pressure subsides, it will be easier for Bitcoin to rebound, especially if it breaks $113,500-$114,000 (around Rp1.843 million-Rp1 . 854 million).

3. Options Data Shows Bullish Sentiment Still Strong

Sean Dawson, head of research at derivatives platform Derive, explained that despite the correction, the options market is still showing optimistic signals. According to him, traders are still “bullish” on Bitcoin by targeting a strike price of $135,000 to $155,000 (Rp2.195 billion to Rp2.521 billion).

Options data from Derive shows that market participants continue to buy call options in large numbers. This signals confidence in Bitcoin’s rebound potential in the second half of the year.

4. Thin Liquidity and High Leverage Exacerbate Impacts

According to Sean Dawson, this large sell-off occurred at a time when market liquidity was thin, particularly at the weekend. This made the impact even greater than usual, especially due to the large number of leveraged long positions that had not been closed during the previous week.

This creates a domino effect, where one large sale can lead to mass liquidation that accelerates the price drop. It’s a reminder that risk management remains important in the cryptocurrency world.

5. Whale Still Holds 152,874 BTC: Not Done Yet?

Sani, an on-chain analyst and founder of Timechain Index, revealed that the whale that sold 24,000 BTC still holds 152,874 BTC worth around $17.3 billion or Rp281.7 trillion. This shows that the sell-off is not yet indicative of a whale exit from the market.

With such large holdings, the whales’ influence on market volatility is still enormous. However, most analysts see their actions as part of the maturing dynamics of the crypto market.

Conclusion: Price Correction is Not Always a Bearish Sign

Although the price correction due to whale action seems drastic, experts believe that the bullish sentiment towards Bitcoin (BTC) remains intact. Factors such as market liquidity, leverage, and option dynamics are important elements in understanding crypto price movements.

Market participants are advised to remain vigilant but not panic, as events like this are not uncommon in the cryptocurrency world. Rather, it is an opportunity to reassess strategies and understand the overall market behavior.

Also Read: XRP or Bitcoin? 3 Facts from the Chart that Reveal the Truth

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Akash Girimath / Decrypt. What Bitcoin’s Weekend Dip Means for the Crypto Bulls. Accessed August 26, 2025.