10x Weekly Crypto Kickoff – Bitcoin's Real Seller Isn't Who You Think

The Week Ahead in Crypto Markets

After last week’s sharp selloff, Bitcoin sits in technically oversold territory, and a brief bounce early this week looks likely. But don’t mistake a relief rally for a recovery.

The market has spent the past month blaming the wrong suspect. The name everyone keeps citing isn’t the one doing the selling. Inside, we identify exactly who has been selling, why the popular narrative is wrong, the flow data that actually matters, and what comes next.

Main data points

Sharp crypto market correction with elevated volumes signals liquidations. The Crypto market cap stands at $2.13 trillion, -14.5% lower than the week before, with an average weekly volume of $117 billion, 47% higher than average. Weekly Bitcoin volume was $47.3 billion, 61% higher than average, while Ethereum volume was $23.2 billion, 77% higher than average. Ethereum network fees (0.14 Gwei) are in the 19th percentile, indicating low network usage.

Crypto Market Cap (LHS) vs. Trading Volumes (RHS)