- According to Capriole Investments, wealthy Bitcoin- Investors who have held BTC for more than seven years are selling their coins at every significant rise.
- This situation has been observed for the last two months.
- By their actions they are preventing the bullish trend from strengthening.
Blockchain data suggests that older whales are holding back the Bitcoin bull run in 2026.
Judging by scheduleAccording to a report published on the Capriole Investments portal, veteran whales—wealthy investors who have held BTC for more than seven years—have been selling large amounts of coins whenever an upward trend emerged over the past two months. The highest level of activity among these wealthy individuals since January 10, 2026, was recorded on April 5, when they dumped $271 million worth of Bitcoin.
BTC price and the value of coins in USD sold by old whales (blue line)
The chart shows that Bitcoin’s price almost always continued to rise briefly after the wealthy increased their trading volume. However, the upward momentum was clearly slowed by the sale of large quantities of coins. This means that the wealthy were influencing the market, suppressing the bullish trend, which quickly petered out.
However, young whales also got rid of Bitcoins. Specified in publication Happy Coin NewsOn April 7, a wealthy investor who accumulated 513 coins last year sold 302,4 BTC worth $20,8 million. Most notably, he sold the digital assets at a loss, losing at least 12,3% of his investment. He likely made this difficult decision in anticipation of a resumption of the bearish trend in the Bitcoin market.
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