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Whale sells $576M in Bitcoin as BTC nears $80K amid strong weekly rally

Market News
22 Aug 2026
Bitcoin
View Source
Neutral
Whale sells $576M in Bitcoin as BTC nears $80K amid strong weekly rally

A mystery whale sold 7,700 BTC worth about $576.6 million over three days as Bitcoin approached $80,000, marking its strongest weekly rally since 2024. This selling follows a recent accumulation of 43,000 BTC by large holders, which helped fuel the rally. The price surge is partly driven by a U.S. Treasury bond buyback expansion, pushing investors toward risk assets like Bitcoin. Market watchers will be monitoring if more large holders sell and whether institutional demand can absorb the supply, influencing Bitcoin's next move.

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