Bitcoin Price USD Slides $40,000 From October High: New BTC Whales Blamed for Sharp Market Selloff
According to the data, so-called “new whales”, large holders who accumulated Bitcoin close to its $126,000 all-time high, were responsible for much of the recent decline. As prices dropped toward $84,000, these investors panic-sold, locking in heavy losses and creating sustained selling pressure that pushed Bitcoin down roughly 32%, as per a Benzinga report.
Why BTC USD Price Suddenly Slid 32% From Its All-Time High
On-chain data from CryptoQuant highlighted the scale of the damage. Its charts show sharp spikes in realized losses from newer whale cohorts during the selloff, reflecting how aggressively these large holders sold after the market reversed. These addresses had accumulated Bitcoin during the rally but exited at steep losses once prices began to slide.
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Is Bitcoin Price Still Crashing in December 2025
That selling pressure, however, appears to have eased. Since Bitcoin touched its recent low around $84,000, realized losses among new whales have flattened, suggesting that the group responsible for the drop has largely stopped selling.
In contrast, older whale cohorts behaved very differently. Long-term holders remained relatively steady throughout the drawdown, showing little sign of panic selling. Their willingness to sit through the decline helped prevent further downside and may indicate that Bitcoin is starting to find a floor rather than entering a deeper collapse, as per the Benzinga report.
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Bitcoin Price Prediction 2025: Polymarket Odds Point to BTC USD Price Consolidation
Market expectations now point to a period of consolidation. Prediction market Polymarket shows an 18% chance that Bitcoin reaches $95,000 by the end of 2025, while the odds of hitting $100,000 stand at just 6%. On the downside, a move to $80,000 carries a 15% probability.
Extreme outcomes appear unlikely. The chances of Bitcoin closing above $130,000 or falling below $70,000 are both priced at under 1%, reinforcing the view that traders are betting on Bitcoin remaining range-bound after its sharp correction, as per the Benzinga report.
FAQs
What price did BTC USD fall to during the selloff?
Bitcoin dropped to around $84,000 during the decline.
Are extreme Bitcoin price moves likely?
Polymarket places under a 1% chance on Bitcoin rising above $130,000 or falling below $70,000.