Who Sells Bitcoin (BTC)? Big whales or small investors? Data Published!

Cryptocurrency analysis firm CryptoQuant has shared remarkable data on the selling pressure of Bitcoin in the last 15 days. According to the company’s “Who Is Really Selling Bitcoin?” assessment, the bulk of the sell-off in the current correction is coming from short-term and medium-sized investors, not long-term investors.

According to CryptoQuant’s “Exchange Entry Age/Value Groups” data:

Short-Term Investors (STH) leading the sell-off, sending an average of 930 BTC per day to exchanges.

In contrast, Long-Term Investors are selling (LTH) lower, at just 529 BTC/day. This suggests that long-term investors remain faithful to Bitcoin, while the sell-off is driven by short-term panic or profit realization.

As of April 1, the daily sales amounts made according to the size of the wallet are as follows:

• Individual Small Investors (<1 BTC): 480 BTC/day
• Small Investors (1–10 BTC): 102 BTC/day
• Medium Investors (10–100 BTC): 341 BTC/day
• Large Investors (100–1,000 BTC): 402 BTC/day
• Whales (>1,000 BTC): Only 70 BTC/day

According to CryptoQuant’s analysis, whales or long-term investors are not the source of the recent selling pressure. The main pressure comes from small and medium-sized investors and holders of short-term positions. According to analysts, this suggests that the current correction is a “shakeout”, that is, the elimination of panicked small investors.