In six months, the Bitcoin price has fallen by about 50%, falling below $64,000 early this month. Naturally, this has led to a cascading event, with devastating consequences for the rest of the market, and questions about what could be causing the decline. Since there is no significant event that caused the crash, as we saw in 2022 with the FTX crypto exchange crash, the simple answer has pointed to one thing: big investors are selling.
Business owners are getting out of Bitcoin
In an X-post, Coin Bureau marked an interesting trend among corporate Bitcoin holders that could explain the continued decline of the digital asset in recent times. According to the graph shared in the post, these big companies have dumped their assets.
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Throughout most of 2025, there was a clear accumulation trend among corporate buyers. Sometimes the buying trend continued for weeks before a selling trend was registered. However, this is quickly changing as recent weeks have been dominated by dumping.
The message showed that no purchases had been made in the past three weeks. On the contrary, corporate investors have dumped BTC on the market. For context, the longest selling streak among these major investors in history was two weeks before buying started again.
However, at the time of writing, only outflows have dominated these companies’ government bonds, marking a new all-time high since companies started buying Bitcoin in 2020. Given all this, it is possible that the accumulation trend that drove Bitcoin to new all-time highs in 2025 may have ended.
Data from CoinShares also confirms this sell-off trend. The Digital Asset Fund Flows Weekly Report shows that Bitcoin lost $215.3 million in the past week alone due to outflows from digital asset funds, sparking the sell-off.
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In a similar vein, Ethereum saw outflows of $36.5 million, and multi-asset funds saw outflows of $32.5 million. Interestingly, however, companies like XRP and Solana continue to see inflows despite their poor performance in the market.
Considering this trend, it shows that business investors are looking at altcoins for likely higher profit margins compared to Bitcoin. As supply continues to increase in the market, it is likely that the price of Bitcoin will continue to decline until purchasing power increases again.
Featured image of Dall.E, chart from TradingView.com