Satoshi-Era Whale Sells $750M in Bitcoin Amid Market Downturn

A recent transaction on the blockchain shows that a Satoshi-era whale has dumped approximately $750 million worth of Bitcoin. The transfer, which took place after 15 years of inactivity, has been linked to the cryptocurrency's price drop.

The sale, which saw 11,300 tokens transferred to exchange-linked addresses, is not isolated. Hedge funds have also been reducing their exposure to BTC, with some institutions cutting their holdings by significant margins.

According to data from VanEck, the top hedge fund managers' total Bitcoin ETF holdings declined by 28% from the third quarter to the fourth quarter of 2025. This trend is not limited to one institution, as Harvard University has also cut its IBIT holdings by 21%, rotating capital into Ethereum.

However, not all investors are pulling out of BTC during this downturn. The Emirates of Abu Dhabi raised its IBIT position by 46% in the fourth quarter of 2025, and investment advisers have increased their aggregate IBIT positions every quarter in the last year, leading to a 145% increase from the previous year.