Odaily Planet Daily report: Cryptocurrency analyst Murphy posted a recap of last week’s market dynamics on X, revealing unusual capital flows in Bitcoin: On March 11 and March 13, as BTC rebounded to $70,000–71,000, a group of whale addresses (each holding over 1,000 BTC) sold 24,867 and 17,818 BTC respectively. The BTC sold on March 11 incurred an average loss of 50% compared to cost basis, while the BTC sold on March 13 saw losses of less than 10%.
Analysis shows that these coins originated from purchases made at lows in early April and May–July 2025, with some representing exits after significant losses and others representing tactical rotations after precise bottom-fishing. On March 17, Strategy purchased an additional 22,337 BTC, absorbing most of the excess supply. Nevertheless, this event reflects that market sentiment remains extremely fragile, as investors holding BTC for nearly a year are gradually losing patience, and future price rebounds may still trigger selling pressure from loss-making positions.