The post Explainer – Why is Bitcoin under so much sell pressure right now? appeared on BitcoinEthereumNews.com.

As the world’s largest cryptocurrency, Bitcoin [BTC] often takes the lead whenever the market falls or climbs. However, the last 24 hours proved that assumption somewhat inaccurate. In fact, while BTC gained by only 4% over this period, the broader market managed to hike by 7%. Some altcoins even managed to outperform Bitcoin with double-digit returns. The timing here is worth pointing out. Especially since these upticks came soon after a market crash that saw almost $1 trillion wiped out in over a week. With that in mind, traders are becoming more cautious, as it seems everything that could go wrong for Bitcoin is going wrong. Is there looming sell pressure ahead? In that light, mega whale Garrett Bullish seems to be feeling the heat of a bearish crypto market. The whale lost about $250 million in the last five days after its liquidation. Right now, Garrett Bullish appears to be aggressively securing his remaining assets. He deposited over 5,000 Bitcoin valued at $345 million into Binance. The deposits were made in bits, with the largest position worth about $238.72 million. Source: Arkham The move could be an attempt to sell to cut losses. Especially since the market seems to be weak, despite its slight recovery. With the whale now potentially geared up for a sale, more price damage may be incoming. Liquidations meet social sentiment On the metrics side of things, the Short-Term Holder P&L to Exchanges revealed that Bitcoin went through the largest liquidation event of the year. This, barely two months into the new year. During the same, more than 90k BTC was wiped out in only 24 hours. Source: CryptoQuant This event coincided with the lowest level of Bitcoin’s social sentiment in over four years, thus accelerating the drop. This also made it hard for participants…

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Filed under: News - @ February 8, 2026 6:04 am