Bitcoin Price Drops as Long-Term Holders Offload $45 Billion, Bloomberg Reports
November 5, 2025 — By David Pan and Olga Kharif
Bitcoin (BTC), the pioneering cryptocurrency, experienced a significant price decline this week as large holders, commonly referred to as "whales," sold off approximately $45 billion worth of the digital asset. This mass dumping by long-term investors contributed to Bitcoin’s sharp slide below the psychologically important $100,000 threshold for the first time since June.
On Tuesday, Bitcoin’s price dropped by as much as 7.4%, dipping under $100,000 amid reduced market confidence following last month’s record highs. The cryptocurrency’s value has now decreased more than 20% from its peak reached only a month prior. After the steep fall, Bitcoin saw a modest recovery of 1.7% on Wednesday morning trading in New York, though several options traders remain cautious and are betting on further declines ahead.
Unlike the previous major selloff which was largely driven by leveraged positions unwinding in the market, this recent downturn is primarily attributed to long-term holders liquidating their assets. Bloomberg’s analysis highlights that these established investors have offloaded a substantial volume of Bitcoin, signaling increased risk aversion or a strategic profit-taking phase after months of extraordinary gains.
The sharp drop underscores the volatile nature of the cryptocurrency market and raises pressing questions about Bitcoin’s price trajectory heading into late 2025. Market participants and analysts will be closely watching whether this selling pressure by whales will persist or if new buyers will step in to stabilize the cryptocurrency’s value above key support levels.
As the cryptocurrency ecosystem continues to evolve, significant whale movements remain a critical market indicator, often foreshadowing broader sentiment shifts. Investors and traders are advised to monitor these developments carefully amid an environment punctuated by rapid price fluctuations and evolving regulatory landscapes.
For further updates and in-depth analysis, Bloomberg will continue covering the latest trends impacting Bitcoin and the wider digital asset markets.
Contact Bloomberg reporters David Pan and Olga Kharif for more information or to provide news tips.