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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
07/30/2025

Bitcoin Holds Steady After $9.6B Sell-Off — Is $140,000 the Next Target?

The Bitcoin market just weathered one of the largest sell-offs in history, yet prices held firm near all-time highs — signaling exceptional liquidity depth and market strength. A BTC whale dumped 80,000 BTC, but prices held their ground Last weekend, a long-term Bitcoin holder sold 80,000 BTC worth approximately $9.6 billion through Galaxy Digital's OTC desk. The move sent BTC prices sharply down to $115,000, but they quickly recovered

Bitcoin Holds Steady After $9.6B Sell-Off — Is $140,000 the Next Target?

The Bitcoin market just weathered one of the largest sell-offs in history, yet prices held firm near all-time highs (ATH) — signaling exceptional liquidity depth and market strength.

A BTC Whale Dumped 80,000 BTC — But Prices Held Their Ground

Last weekend, a long-term Bitcoin holder sold 80,000 BTC worth approximately $9.6 billion through Galaxy Digital's OTC desk. The move sent BTC prices sharply down to $115,000, but they quickly rebounded to $119,000 — nearly matching the prior high.

This was widely seen as a "stress test" for market liquidity. The results showed that the Bitcoin market can absorb massive supply even during the thin liquidity conditions typical of a weekend trading session.

Unrealized Profits Hit a Record $1.4 Trillion

On-chain data from Glassnode shows that total unrealized profit in the Bitcoin market reached a record $1.4 trillion following the sell-off. Currently, 97% of the circulating supply is in profit, reflecting an overwhelmingly positive market sentiment.

Other indicators such as Net Realized Profit/Loss also spiked to all-time highs over the past week, showing that many investors locked in substantial gains.

$140,000 Could Be a Key Profit-Taking Zone

According to on-chain valuation models, Bitcoin is currently trading within the $105,000 – $125,000 range. A decisive breakout above this zone would point to the next target of around $141,000, which corresponds to the +2σ level of the Short-Term Holder (STH) Cost Basis.

However, historical data suggests the $140,000 zone could see heavy profit-taking pressure as many investors reach significant gains. This could cause market turbulence before the next trend takes shape.

A Maturing Market

What stands out is that despite this sell-off being one of the largest profit-taking events in Bitcoin's history, prices still held near the previous highs. This underscores the growing liquidity depth and increasing maturity of today's Bitcoin market.

Analysts argue that if fresh demand remains elevated, Bitcoin can fully absorb the selling pressure from long-term holders and move on to challenge the $140,000 price range in the near future.

Bottom line:
Last weekend's 80,000 BTC sell-off was a true test of Bitcoin's market strength — and the market passed with flying colors. With steady capital inflows and positive investor sentiment, the $140,000 target could become reality soon if prices break decisively above the $125,000 resistance zone.