Bitcoin prices fell more than 5% in the past 24 hours on Sunday night, dropping below $65,000 as large holders moved the coins to exchanges and recent buyers sold them at a loss, adding pressure to an already fragile market.
Most of the price decline occurred within just two hours on Sunday evening.
this mark This marks the first time in history that Bitcoin’s weekly closing price has been negative for six consecutive weeks, below the 100-week moving average for six consecutive weeks, and below the 2021 high for three consecutive weeks.
The world’s largest cryptocurrency was trading at nearly $64,500 at the time of writing, down about $3,500 on the day. The decline followed a weekend flush from the $67,000 range, breaking a relatively tight consolidation and accelerating the decline into illiquidity.
According to data from Bitcoin Magazine Pro, trading activity picked up during the decline, indicating active circulation rather than quiet fluctuations.
Meanwhile, CryptoQuant trading indicators reveal that whales are dominating inflows. cryptoquant said Large Bitcoin holders are currently driving the majority of exchange deposits, with the exchange whale ratio rising to 0.64x, its highest level since 2015, indicating that whales are leading the selling activity.
Bitcoin’s average deposit size rose to 1.58 BTC, the highest since June 2022, confirming that large players are moving their coins to exchanges.
Although total inflows have fallen by about 60% from the early February surge to a 7-day average of about 23,000 BTC, exchange flows are still increasing, exposing the market to further volatility.
Bitcoin price analysis
Prior to this sharp decline in Bitcoin prices, price action over the past week has been semi-subdued, with Bitcoin’s rebound from $60,000 failing to break through the resistance at $71,800, instead falling to support around $65,650 and closing near $67,000 the previous week.
The bears remain in control as buyers have shown little follow-through. However, some large institutions continue to buy Bitcoin price exposure. Abu Dhabi’s Mubadala Investment Company increased its stake in BlackRock’s iShares Bitcoin Trust (IBIT) to 12.7 million shares worth about $630 million as of Dec. 31, a 46% increase from the previous quarter.
Al Warda Investment also increased its IBIT holdings to 8.22 million shares, continuing its transition to regulated Bitcoin ETF exposure. Together, the two Abu Dhabi funds hold more than 20 million IBIT shares, worth more than $1.1 billion at the end of 2025.
Last week, Strategy purchased an additional 2,486 BTC for $168.4 million, bringing its total holdings to 717,131 BTC.
Strategic Executive Michael Saylor hinted At X, Strategy may make its 100th Bitcoin purchase this week, continuing its 13th straight week of increases despite carrying $5.8 billion in unrealized losses.