selling

Bitwise Research Director Ryan Rasmussen interpreted the company's first institutional cryptocurrency adoption report in an interview. The report interviewed 15 major institutions, covering pensions, endowments, foundations, and sovereign wealth funds. During the period when Bitcoin fell from $125,000 to $60,000, none of the interviewed institutions sold off, with many choosing to increase their holdings instead.Rasmussen stated that these institutions view Bitcoin alongside gold as a tool to hedge against currency devaluation. Wells Fargo allocated a position of 2% to 3% in Bitcoin, while Fidelity and BlackRock provided a range of 2% to 8%. He noted that the launch of ETFs has made this round of the Bitcoin bear market shallower than previous ones, with weekly ETF inflows reaching as high as $2.5 billion, bringing a new wave of capital to the market.He also mentioned that sovereign wealth funds are selling gold to buy Bitcoin and believe that $60,000 constitutes the bottom of this round. He simultaneously pointed out that Bitcoin has low correlation with bonds, gold, and stocks.

According to Lookonchain monitoring, a certain whale sold 25,001 ZEC, worth 37.84 million dollars.This whale purchased these ZEC two months ago at an average price of 425 dollars, making a profit of over 27 million dollars.

According to on-chain analyst Ember (@EmberCN), Pump.fun transferred $8.11 million in fee revenue to Kraken 2 hours ago, including 47,995 SOL (approximately $5.83 million) and 2.28 million USDC.

Analyst Darkfost stated that Bitcoin long-term holders (LTH) currently have an realized profit level of about 72%. Although they are in a profitable state, there is still a significant gap compared to previous market peaks.In comparison, in December 2024, LTH realized profits once approached 350%. Darkfost believes that long-term holders are currently in a relatively moderate profit-taking phase, similar to the levels during the last bear market, so most LTH may prefer to continue holding rather than cashing out on a large scale at this stage.

A team led by JPMorgan analyst Nikolaos Panigirtzoglou released a report on Wednesday stating that Bitcoin recently surpassed the estimated production cost of approximately $85,000. The report noted that Bitcoin had been below this estimated average production cost for 280 consecutive days before breaking above it during this week's rebound, briefly trading above it before slightly retreating, at around $84,100.The analysts indicated that historically, production costs have acted as a soft floor for Bitcoin prices. When prices remain below this level for an extended period, miners with high electricity and equipment costs may become unprofitable. The last time Bitcoin was below the estimated production cost for a similar duration was in 2018, lasting about 224 days, during which the price drop prompted high-cost miners to shut down, leading to a decrease in Bitcoin network hash rate and mining difficulty.The analysts stated that the mining industry today is larger and more industrialized than in 2018, but the same adjustment mechanism still applies, namely the exit of high-cost miners. If this new situation can be maintained, it should provide relief for Bitcoin miners, thereby reducing their risk of being forced to sell.

Renowned trader Bonk Guy responded to criticisms regarding long-term holding of tokens and not choosing to sell, stating that long-term holding of high-confidence assets is part of his trading strategy, and he does not believe that one must sell after a significant price increase.Bonk Guy indicated that PONS is the most promising utility token in his portfolio, currently valued at approximately 400 million dollars; USELESS is his most favored meme coin, currently valued at around 270 million dollars. Neither has reached 1 billion dollars, while some meme coins and protocols that performed strongly in the previous cycle had market capitalizations exceeding 4 billion to 5 billion dollars, which is why he has chosen to continue holding them.

According to on-chain analyst @ai_9684xtpa's monitoring, the address withdrew 4088.5 ETH at an average price of $2727.26 between September 21 and 23. After the market correction, the address deposited all ETH into Binance one hour ago, worth approximately $10.8 million; if sold, it would incur a loss of $342,000.The last round of swing trading for this address lasted 1 month, yielding a profit of $1.515 million.

Market news indicates that Powerlaw is considering a strategic sale of part of its SpaceX shares to raise funds for dividends, tax distributions, and new private market investments.

According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale with a heavy investment of 4.5 million dollars in Robinhood Meme and DeFi leader has liquidated PONS tokens, with a selling pressure of 3.67 million dollars driving the price down by 4%, from 0.6968 to 0.6688 dollars.During the period from 14:21 to 15:17 today, the whale sold 5.338 million PONS at an average price of 0.6779 dollars, worth 3.67 million dollars. PONS was originally the largest asset on this address, with an acquisition price of about 0.7154 dollars, resulting in a loss of approximately 200,000 dollars from this sale.

According to Lookonchain monitoring, a certain whale bought 788,000 UNI at a price of $6.26 six days ago, worth $4.93 million, and later sold it at a price of $8.85.

Bitcoin News posted on the X platform that Bloomberg senior commodity strategist Mike McGlone stated that U.S. Treasury bonds with a 5% yield now have the value to sell Bitcoin for allocation.

According to SoSoValue data, as of 8 AM Eastern Time on September 21, 2026, last week, global publicly listed companies (excluding mining companies) shifted from net selling to net buying of Bitcoin, with a net purchase amount reaching $183 million in a single week.Strategy (formerly MicroStrategy) purchased 950 Bitcoins last week at a price of $79,670, spending approximately $75.7 million, bringing its total holdings to 846,000 Bitcoins, marking its first purchase in two weeks.The Japanese listed company Metaplanet did not purchase any Bitcoin last week, marking ten consecutive weeks without purchases.Additionally, two other companies announced Bitcoin purchases or holdings last week. Ethereum asset company Bitmine announced the purchase of 1 Bitcoin after 8 AM Eastern Time on September 14, without disclosing the specific purchase amount, bringing its total holdings to 212 Bitcoins; asset management company Strive announced on September 21 that it spent approximately $108 million last week to purchase 1,355 Bitcoins at a price of $79,475, bringing its total holdings to about 26,355 Bitcoins.As of the time of publication, the total amount of Bitcoin held by the global publicly listed companies (excluding mining companies) in the statistics is 1,156,080 Bitcoins, an increase of 2.67% compared to last week, with a current market value of approximately $9.865 billion, accounting for 5.8% of Bitcoin's circulating market value.

Cryptocurrency analyst @AxelAdlerJr posted that after August 19, the number of bitcoins held by long-term holders has decreased for 5 consecutive weeks, but the pace of reduction in the last 30 days has significantly slowed from 105,900 BTC on August 30 to 21,700 BTC on September 20 (nearly five times slower).In addition, the amount of bitcoins held by long-term holders decreased by 47,800 BTC last week. LTH SOPR data shows that most of them were sold at a loss.

According to monitoring by Glassnode, the 7-day moving average of Bitcoin's SOPR (Spent Output Profit Ratio) after real adjustment has risen above the breakeven line of 1.This indicator shows that most of the tokens sold on-chain are currently in profit, and the price has not immediately fallen as a result. The buying pressure can absorb the profit-taking selling pressure, which is a typical characteristic of a bull market. If this indicator remains above 1, it reflects strong demand; if it falls back below 1, it indicates that the buying strength is weakening.

The founder of Liebit Mining Pool, Jiang Zhuoer, stated in a post that after months of trading, profit in coin-based terms has reached 34%, while profit in U-based terms has reached 92%, nearly doubling. The key to profitability lies in position, trading, and currency. Market sentiment must be involved in trading to truly feel it. We are currently in a bull market cycle, and the personal default position is to hold a full position in ETH spot. Besides several recent short positions, more importantly, it is to hold a full position in spot for the long term; shorting is merely to protect the spot after it rises, reducing the downside pullback.

Multiple executives from NVIDIA disclosed stock trading situations to the U.S. SEC, including 5 executives, such as CEO Jensen Huang, who collectively sold nearly 150,000 shares of the company. Among them, Jensen Huang sold approximately 46,000 shares at a transaction price of about $212 per share.Most of the transactions were related to the tax treatment of restricted stock vesting and were not proactive reductions.

Yang Haipo, the founder of CoinEx, stated that CoinEx officially launched on December 22, 2017, and will officially close on December 22, 2026, nine years later. He mentioned that nine years is a long time in the cryptocurrency industry, and CoinEx has gone through multiple bull and bear cycles with its users, witnessing the rise and fall of numerous projects, as well as seeing many peers leave the market in different ways.Yang Haipo expressed that after reflection, he accepted the fact that CoinEx has not become a leading exchange in the industry, and the security and compliance risks of operating a cryptocurrency exchange have become increasingly difficult to control; revenue may decline, but responsibility does not lessen, and bearing unlimited risks with limited revenue is no longer a rational choice. He stated that CoinEx has survived for nine years in a highly volatile and harsh industry, and after experiencing various storms, it can still leave completely and with dignity.Regarding CET, CoinEx will repurchase it at its initial listing price of 0.005 USDT per coin, with no quantity limit set. Yang Haipo mentioned that he seriously considered selling CoinEx but ultimately decided against it because users entrusted their assets to CoinEx based on their trust in the platform and him personally. He believes that handing over the platform and this trust to a new owner is not the right way to end this journey, stating, "A clean end is the right end." CoinEx will ensure that users can fully withdraw their assets, provide employees with a dignified farewell, and offer a clear and responsible handling plan for CET holders.

According to on-chain analyst @ai_9684xtpa, as the ETH price returned to $2500, the address 0x138...a4d35 accumulated a deposit of 3333 ETH to OKX within 4 hours, and subsequently withdrew 5.92 million USDT from the exchange, suspected to have partially sold, involving an amount of approximately $8.4 million.

Bitfinex Alpha's latest report shows that Bitcoin has recently maintained a range of about 5.5% for over 24 trading days, with a cost basis of approximately 840,000 BTC within this range. As profit-taking has noticeably slowed, the seller risk premium has dropped to 7 basis points, one of the lowest levels in the past year, but insufficient buying pressure still limits a breakout.Meanwhile, leverage has accumulated at the upper and lower bounds of the range, with approximately $1.95 billion in short liquidation risk concentrated around $82,000, while there are large-scale long positions in the $75,000 to $76,000 range, which could amplify price volatility following the Federal Reserve's interest rate decision.Bitfinex further pointed out in the report that rising energy costs, increasing real yields, and weakening consumer confidence have made the macro environment more complex. Whether BTC can break through the current range still depends on the Federal Reserve's policy guidance and the subsequent trends in real yields and energy prices.

CryptoQuant certified analyst Axel Adler Jr. stated that in the past 24 hours, the price of Bitcoin has slightly increased by 0.4%, but selling pressure in the derivatives market has significantly intensified. The Bitcoin derivatives pressure index has dropped from -25.36 to -60.8, remaining below zero since September 6, indicating that sellers still dominate.Meanwhile, Coinbase continues to trade at a discount relative to Binance, with the latest Coinbase premium index at -0.0455%, a 48-hour average of -0.0323%, and further weakening in the past 24 hours.