Bitcoin Records $40B+ In Capital Outflows As ‘Humpback’ Whales Intensify Selling – Details
Bitcoin remains under sustained selling pressure, trading around $73.4K and down about 2.4% on the week. On-chain data points to a bearish near-to-mid-term setup: Bitcoin’s Realized Cap fell 3.63% since Jan. 19, dropping from about $1.12T to $1.08T, which suggests capital is flowing out rather than being held through volatility. At the same time, wallets holding over 10,000 BTC reportedly sold about 612,753 BTC between May 11 and May 28, adding strong spot-market sell pressure. These whale sales lined up with faster capital outflows starting May 14 and a price drop of roughly 10.7% from about $82.4K to $73.5K. Overall, falling Realized Cap, rising outflows, and heavy whale distribution point to continued downside risk unless spot inflows return.
