Bitcoin Price Crashes Below $65,000 After 5% Two-Hour Selloff

Bitcoin tumbled more than 5% on Sunday evening, plunging below the $65,000 level in a sharp two-hour selloff that intensified an ongoing six-week downturn. The asset was trading near $64,500 at the time of writing, down approximately $3,500 over the past 24 hours.

The move followed a breakdown from the $67,000 range, where price had been consolidating in relatively tight conditions before accelerating lower into thin weekend liquidity.

Historic Technical Weakness

The latest decline marks a series of unprecedented technical developments:

* Six consecutive negative weekly closes — the first in Bitcoin’s history

* Six straight closes below the 100-week moving average

* Three consecutive weekly closes beneath the 2021 cycle high

Earlier in the week, Bitcoin rebounded from the $60,000 level but failed to break resistance near $71,800. Price then slid toward support around $65,650 before closing near $67,000 — only to collapse lower days later.

According to data from Bitcoin Magazine Pro, trading activity surged during the drop, signaling active distribution rather than passive selling.

Whales Dominate Exchange Inflows

On-chain metrics from CryptoQuant show that large holders are driving the majority of exchange deposits.

Key data points include:

* Exchange whale ratio rising to 0.64 — the highest level since 2015

* Average deposit size increasing to 1.58 BTC — the highest since June 2022

* Seven-day average inflows sitting near 23,000 BTC

While total inflows are down roughly 60% from early February’s spike, exchange activity remains elevated. The data suggests whales are leading selling activity, adding pressure to an already fragile market structure.

When large holders move coins onto exchanges, it often signals intent to sell, increasing short-term volatility risk.

Bears Remain in Control

Market structure continues to favor sellers. Buyers have shown limited follow-through, and attempts to reclaim higher resistance levels have failed.

The loss of $65,000 weakens short-term momentum and raises the possibility of further downside if support does not stabilize quickly.

Institutional Accumulation Continues Despite Slump

Despite price weakness, several major institutions continue building exposure.

Mubadala Investment Company increased its stake in BlackRock’s iShares Bitcoin Trust (IBIT) to 12.7 million shares worth roughly $630 million as of December 31 — a 46% increase from the prior quarter.

Al Warda Investments also boosted its IBIT holdings to 8.22 million shares. Combined, the two Abu Dhabi funds held more than 20 million IBIT shares valued at over $1.1 billion at year-end 2025.

Meanwhile, Strategy purchased an additional 2,486 BTC for $168.4 million last week, bringing total holdings to 717,131 BTC.

Executive Chairman Michael Saylor hinted that the company could complete its 100th Bitcoin purchase this week, extending a 13-week accumulation streak — despite reporting an estimated $5.8 billion unrealized loss.

Market Outlook

Short-term price action remains under pressure as whale distribution and technical weakness weigh on sentiment. However, continued institutional accumulation suggests that long-term conviction among large players remains intact.

The coming sessions will determine whether Bitcoin can stabilize above key support levels — or if the six-week slump extends further into deeper corrective territory.