On Sunday evening, the price of Bitcoin experienced a notable decline, falling over 5% within the past 24 hours and dropping below the $65,000 mark. This decrease was attributed to significant holders transferring coins to exchanges, alongside recent purchasers liquidating assets at a loss, consequently intensifying the downward pressure on an already tenuous market.
The majority of the price decrease transpired within a mere two-hour window on Sunday evening.
This event signifies Bitcoin’s unprecedented stretch of six consecutive negative weekly closings, with each close being below the 100-week moving average and three successive closes falling beneath its 2021 peak.
As of the time of this report, the largest cryptocurrency was trading in the vicinity of $64,500, reflecting a decline of approximately $3,500 throughout the day. This downturn followed a weekend retreat from the $67,000 range, breaking a phase of relatively stable consolidation and accelerating downward amid thin liquidity.
Furthermore, exchange metrics from CryptoQuant indicate that large holders are increasingly dominating inflows. The firm reported that significant Bitcoin holders are largely responsible for the current exchange deposits, with the exchange whale ratio rising to 0.64, the highest level since 2015, suggesting that these large holders are driving the selling pressure.
The average deposit size for Bitcoin has increased to 1.58 BTC, the highest level since June 2022, underscoring the trend of larger players moving assets onto exchanges.
Although total inflows have decreased by approximately 60% from the early February surge to an average of around 23,000 BTC over the past week, exchange flows remain elevated, leaving the market vulnerable to further volatility.
Bitcoin Price Analysis
Prior to this recent price decline, Bitcoin’s price behavior had been relatively subdued over the past week. A bounce from a price of $60,000 failed to overcome resistance at $71,800, instead falling to a support level near $65,650 before concluding the prior week around $67,000.
Bearish sentiment appears to dominate the landscape, with buyers failing to exhibit significant follow-through. However, some institutional investors are still increasing their exposure to Bitcoin. Notably, Abu Dhabi’s Mubadala Investment Company raised its stake in BlackRock’s iShares Bitcoin Trust (IBIT) to 12.7 million shares, valued at approximately $630 million as of December 31, marking an increase of 46% from the previous quarter.
Moreover, Al Warda Investments augmented its IBIT holdings to 8.22 million shares, continuing to expand its regulated Bitcoin ETF exposure. Collectively, these two Abu Dhabi funds held over 20 million IBIT shares valued at more than $1.1 billion at the conclusion of 2025.
Additionally, Strategy purchased another 2,486 BTC for $168.4 million last week, raising its total holdings to 717,131 BTC.
Michael Saylor, an executive at Strategy, suggested on X that the firm may finalize its 100th Bitcoin purchase this week, continuing a 13-week accumulation streak despite an unrealized loss of $5.8 billion.
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