An anonymous Bitcoin holder has sold more than 7,500 BTC since mid-July, with another 1,019 coins moving in the past few hours, according to on-chain data flagged by analytics firm Lookonchain. The total offload is worth roughly $486 million, and the whale shows no sign of slowing down.
The latest transfer
Lookonchain spotted a fresh transfer from the whale's wallet hours ago, adding 1,019 BTC to a distribution that has been running for weeks. The firm didn't name the wallet, but the pattern matches the same address that has been selling since mid-July. The transfer is the latest in a series of alerts from Lookonchain, which has been tracking this particular holder closely.
A steady sell-off
Since mid-July, the whale has offloaded more than 7,500 BTC in a series of smaller transfers rather than one large dump. That approach has kept the market from reacting sharply, but the cumulative effect is now clear: roughly $486 million in Bitcoin has moved out of the wallet. The sales have been spread across multiple transactions, each one large enough to catch the attention of on-chain monitors but not big enough to trigger a panic.
What Lookonchain flagged
Lookonchain, which tracks large wallet movements, flagged the latest transfer on its public feed. The firm has been following this particular whale for weeks, noting each sale as it happens. The fresh transfer is the latest in a string of alerts. Lookonchain's data shows the wallet has been distributing coins steadily, with no single day accounting for more than a fraction of the total.
A whale selling this much Bitcoin over a short period can add supply pressure, even if the sales are spread out. The fact that the holder is distributing rather than holding suggests a change in strategy, though the reason isn't clear. For now, the market is absorbing the sales without major disruption, but traders will be watching to see if the pace picks up. The next alert from Lookonchain will show whether the whale is done or still selling.
