Bitcoin (BTC) Price Drops Below $111,000, What’s the Cause? (17/10/25)

Updated

October 17, 2025

Gambar Bitcoin (BTC) Price Drops Below $111,000, What’s the Cause? (17/10/25)

Jakarta, Pintu News – The Bitcoin market has recently experienced a significant decline, with the price dropping below $111,000. On-chain data shows that key investors have been selling large amounts of Bitcoin (BTC), which may be one of the causes of this price drop.

Sales by Sharks and Whales of Bitcoin

🐳 Bitcoin's key whale tier is showing slight signs of profit taking. Wallets holding 10-10K $BTC, which hold 68.68% of the entire supply, have collectively dumped 17,554 coins. These key stakeholders have still, however, accumulated 318,610 $BTC since the start of the year. pic.twitter.com/E7xRalCeAr
— Santiment (@santimentfeed) October 15, 2025

Data from on-chain analytics firm Santiment shows that key investors in the Bitcoin (BTC) network are starting to take profits. The indicator used is “Supply Distribution,” which measures the total amount of supply held by investors in a given wallet segment.

The group that owns 10 to 10,000 Bitcoin coins (BTC) saw a drop of 17,554 BTC, worth approximately $1.9 billion, between October 12 and 14. Prior to this drop, the metric had been showing an upward trend since late August.

These sales seem to have affected the recovery efforts of the Bitcoin (BTC) price, which is now struggling to climb back up. Although these latest sales by key investors are not very significant in the long run, their wallets still show growth since the beginning of 2025 with the addition of 318,610 BTC, worth $35.5 billion.

Bitcoin Price Dynamics

🚨 Long-Term Holders are cashing out!

265,715 BTC sold over the last 30 days — the largest monthly outflow since early January 2025. pic.twitter.com/SoRUzUk65C
— Maartunn (@JA_Maartun) October 16, 2025

The current Bitcoin (BTC) price is still hovering around $111,000, indicating that the market has not been able to sustain the recovery trend. Selling by large investors, often referred to as sharks and whales, can significantly affect market dynamics. These investors have the ability to influence the market price through the large transactions they make.

In late August, there was a similar sell-off which was then followed by a buyback by the same group. These purchases supported Bitcoin’s (BTC) subsequent bullish push. Therefore, it is important to monitor the activity of these large wallets to gain a better understanding of potential future price movements.

Conclusion

Recent selling by key investors in the Bitcoin (BTC) market has had a significant impact on the price. While this isn’t the first time a major investor has made a sale, their every activity is still important to monitor due to its potential influence on the market price. Investors and analysts should continue to follow on-chain data to anticipate future price movements.

Also Read: Michael Saylor’s Strategy: $27.2 Million Bitcoin Purchase Before the Crypto Market Crash

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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.