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

Buying Bitcoin now is like trying to catch a falling knife. As far as it is clear, the sentiment is in tatters. Crypto has been in turmoil for several weeks.

After Bitcoin fell below $100,000, it was a one-way ticket. There have been bounces of dead cats here and there, but sellers are largely in charge.

After falling below $90,000, the total crypto market cap is below $2.9 trillion. What more? As retailers dump, there is a clear rotation towards stablecoins. The dominance of Bitcoin and Ethereum is declining, while that of stablecoins like USDT has increased over the past week of trading.

(Source: Coingecko)

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Why is Bitcoin falling?

There have been several theories as to why Bitcoin and the crypto market have been dumping in recent weeks.

On X, an analyst pinpointed the recent massive sale, notably that of 1000X cryptosto an entity on Binance, the world’s largest crypto exchange, which has been steadily selling off during the New York market open over the past two weeks.

This $BTC The seller on Binance is starting to look less like a random stream and more like a single entity (or tightly coordinated group).

For two straight weeks, they hit the sell button exactly at 9:30 a.m. EST, every time the US market opened, without fail.

This kind of consistency usually… pic.twitter.com/vskoYNeOrh

– Frontrunners (@frontrunnersx) November 20, 2025

The analyst observes that the seller on Binance hit the “sell button exactly at 9:30 a.m. EST, every time the US market opened, without fail.”

Meanwhile, the BTC USD price lost almost 20%, reversing last year’s gains. So far, the price of Bitcoin is in the red, losing 14% year-over-year. Even worse: Over the past 30 days, digital gold has fallen 22%, taking the rest of the market with it.

Given this consistency, the analyst assumes that the entity works according to “specific mandates or time windows”.

For optimistic traders, they can only watch, hoping the unwinding stops soon. However, for realists, only when the entity stops unloading can they begin to consider long positions, since the depth of their bag is unknown.

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Are the Big Boys rebalancing their portfolios? Long-term holders absorb 186,000 BTC

Overall, Bitcoin and best Solana coins failed to regain the momentum it so desperately needed after the fall of October 10.

The sell-off, which temporarily forced BTC USD to fall to $102,000, caused massive liquidations, forcing some blue chips, including crypto Cosmos ATOM, to zero.

Sentiment recovered a bit, but the fall below $100,000 forced traders to reconsider their positions. It was only necessary: ​​$100,000 was not just a random number but a support and a key psychological level.

Besides the minor inflow of $75 million on November 19, Bitcoin ETF spot issuers primarily repurchased their shares. Before closing below $100,000 on November 13-14, more than $1 billion in Bitcoin ETF spot shares were redeemed.

(Source: SosoValue)

Redemption means selling the underlying BTC for cash on regulated exchanges, likely Coinbase and Kraken. Inevitably, in the current context, wholesale sales tend to drive prices down.

Yet even as Wall Street sells, long-term holders have absorbed a record 186,000 BTC over the past six weeks.

(Source: CryptoQuant, X)

Technically, this massive absorption could, a relief for HODLers, trigger a massive short squeeze and drive prices up aggressively.

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The post When will this Bitcoin seller on Binance stop dumping? Long-term holders absorb 186,000 BTC or $15.5 billion in 6 weeks appeared first on 99Bitcoins.

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