Bitcoin Slips Under $75K As Whale Sell-Off Tops 50K BTC in Two Weeks

Bitcoin slipped below $75,000 on February 3, marking its lowest level since the tariff-related market shock in April 2025. The move placed Bitcoin back into a high-risk zone, as selling pressure from large holders continues to outweigh buying interest from smaller participants.

Market data from CoinMarketCap showed BTC trading near $74,800 during early sessions, extending a broader correction that has been in place since late 2025.

The decline has shifted attention to whether BTC can stabilize near current levels or slide deeper toward the low $70,000 range. While some buyers stepped in near support, the broader market structure remains fragile.

Whale Selling Keeps Pressure on Price

Data by Santiment shows a marked disparity between the number of small and large Bitcoin holders. The group of wallets that hold between 10 and 10,000 BTC, which cumulatively hold a little over two-thirds of the total circulating supply of Bitcoin, sold a total of 50,181 BTC in the last two weeks.

On the other hand, smaller wallets holding amounts less than 0.01 BTC have been aggressively buying dips. This kind of behavior indicates that the retail community is expecting a bounce, but in the past, it has been observed that it is difficult for the market to bounce back when whales are continuously selling their holdings.

Also Read: Bitcoin (BTC) Crashes 13% as Saylor Buys the Dip

Bitcoin Tests Key Technical Support

From a technical perspective, Bitcoin is still trapped in a corrective pattern that started after reaching a high of almost $126,000 in October 2025. Since then, the price has been respecting a descending trend line, with constant rejections at $106,500, $100,700, and $94,000, which is a clear indication of selling pressure.

According to analyst CrypFlow, Bitcoin has just broken out of its 70-day trading range and even dropped below the April 2025 low. However, the price has since recovered above the descending trend line, making the region around $76,000 a crucial point for a decision.

A break above this point may result in a short-term relief rally, while a break below it will open up the support region between $71,700 and $74,500.

Momentum indicators are indicative of an overextended market. The daily RSI is seen in the oversold region in the lower 30s, and the Stochastic RSI is highly compressed. Such readings are usually a precursor to a loss of momentum in the downside trend, but they do not mark the end of the trend.

Although there are signs of exhaustion in the short term, the overall Bitcoin market is still bearish below the trending line. A possible reversal could meet resistance at the levels of the previous breakdowns, specifically at $84,500 and $94,000.

Also Read: Binance Expands SAFU Fund With 1,315 BTC While Bitcoin Targets $84K