Bitcoin (BTC) is facing heightened volatility after whales unloaded between 112,000 and 115,000 BTC, valued at nearly $12.7 billion, in August. According to on-chain data from CryptoQuant, this represents the largest whale distribution since July 2022, adding significant selling pressure to the market.

The sell-off came from large holders controlling between 1,000 and 10,000 BTC. These whales had accumulated more than 270,000 BTC between April and August, only to reverse course and flood the market with supply.

This aggressive profit-taking pushed Bitcoin prices below $109,000, marking a 5.5% monthly decline and breaking a four-month winning streak.

Market Shows Signs of Bitcoin (BTC) Stabilization

Despite the heavy distribution, recent activity suggests selling pressure may be cooling

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