# Long-Term Bitcoin Holder Executes Systematic $136m Liquidation Event ▴ News

**Published:** 2025-09-15
**Categories:** News

---

The recent liquidation of $136.2 million in Bitcoin by an eight-year holder is a significant market event. This action, following a substantial $4.04 billion rotation from Bitcoin to Ethereum, indicates a sophisticated, programmatic approach to portfolio management. Such large-scale, systematic selling by a long-term holder, or “whale,” can introduce significant supply into the market, potentially impacting price discovery, especially during periods of thin liquidity like weekend trading. The strategic use of multiple wallets and exchanges, such as Hyperliquid, demonstrates a deep understanding of market microstructure and a desire to minimize slippage.

This event also highlights the growing trend of dormant wallets becoming active, which can signal shifts in sentiment among early adopters and long-term holders. The whale’s actions, including the use of leveraged positions, suggest a complex arbitrage strategy, further influencing market dynamics.

The systematic liquidation by a long-term Bitcoin holder demonstrates a sophisticated strategy of portfolio rebalancing and arbitrage, impacting market liquidity and price discovery.

- 
**BTC Sold** ▴ 1,176 BTC ($136.2 million)

- 
**Previous BTC-ETH Rotation** ▴ 35,991 BTC ($4.04 billion) for 886,371 ETH ($4.07 billion)

- 
**Remaining Whale Holdings** ▴ 49,634 BTC ($5.43 billion)

Signal Acquired from ▴ <a href="https://cryptonews.com/news/8-year-bitcoin-holder-offloads-another-136m-following-massive-4b-eth-trade-whales-dumping-again.htm?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" target="_blank" rel="nofollow">Crypto News</a>

**Tags:** [Price Discovery](https://options.greeks.live/area/price-discovery/), [Thin Volumes](https://options.greeks.live/area/thin-volumes/), [Order Book](https://options.greeks.live/area/order-book/), [Institutional Accumulation](https://options.greeks.live/area/institutional-accumulation/), [Systematic Liquidation](https://options.greeks.live/area/systematic-liquidation/), [Market Timing](https://options.greeks.live/area/market-timing/)	

## Discover More

- 
### [When Should Institutional Traders Prioritize RFQ over Lit Market Orders for Illiquid Crypto Options?](https://options.greeks.live/question/when-should-institutional-traders-prioritize-rfq-over-lit-market-orders-for-illiquid-crypto-options/)
![A slender metallic probe extends between two curved surfaces. This abstractly illustrates high-fidelity execution for institutional digital asset derivatives, driving price discovery within market microstructure. It represents Prime RFQ protocol precision navigating dark liquidity for best execution and capital efficiency.](https://options.greeks.live/wp-content/uploads/2025/07/precision-instrument-navigating-institutional-digital-asset-derivatives-rfq-protocols-for-optimal-price-discovery-and-high-fidelity-execution.jpg)

Prioritize RFQ for illiquid crypto options to secure discrete price discovery, minimize market impact, and achieve superior execution certainty.

- 
### [How Do Market Microstructure Dynamics Impact Crypto Options RFQ Execution?](https://options.greeks.live/question/how-do-market-microstructure-dynamics-impact-crypto-options-rfq-execution/)
![Abstract intersecting blades in varied textures depict institutional digital asset derivatives. These forms symbolize sophisticated RFQ protocol streams enabling multi-leg spread execution across aggregated liquidity. The visualization emphasizes high-fidelity execution, leveraging market microstructure analytics for optimal capital efficiency within a Prime RFQ environment.](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-driven-digital-asset-derivatives-rfq-protocol-execution.jpg)

Mastering crypto options RFQ execution demands deep microstructural insight to optimize liquidity, minimize slippage, and achieve superior transaction outcomes.

- 
### [How Do High-Frequency Trading Algorithms Shape Short-Term Quote Dynamics?](https://options.greeks.live/question/how-do-high-frequency-trading-algorithms-shape-short-term-quote-dynamics/)
![A sophisticated proprietary system module featuring precision-engineered components, symbolizing an institutional-grade Prime RFQ for digital asset derivatives. Its intricate design represents market microstructure analysis, RFQ protocol integration, and high-fidelity execution capabilities, optimizing liquidity aggregation and price discovery for block trades within a multi-leg spread environment.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-grade-proprietary-architecture-driving-high-fidelity-digital-asset-derivatives-execution-via-rfq-protocols-and-optimized-market-microstructure-dynamics.jpg)

HFT algorithms accelerate price discovery and shape short-term liquidity, demanding institutional adaptive execution and robust risk management.

- 
### [Can Predictive Analytics Forecast Repricing Events Post-Block Trade Reporting?](https://options.greeks.live/question/can-predictive-analytics-forecast-repricing-events-post-block-trade-reporting/)
![Two abstract, segmented forms intersect, representing dynamic RFQ protocol interactions and price discovery mechanisms. The layered structures symbolize liquidity aggregation across multi-leg spreads within complex market microstructure. This visualizes institutional execution pathways, emphasizing atomic settlement and capital efficiency in digital asset derivatives.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-microstructure.jpg)

Predictive analytics forecasts post-block repricing, enabling proactive risk mitigation and optimized execution for institutional traders.

- 
### [How Does Information Asymmetry Affect Crypto Options Pricing?](https://options.greeks.live/question/how-does-information-asymmetry-affect-crypto-options-pricing/)
![Abstract geometric planes in grey, gold, and teal symbolize a Prime RFQ for Digital Asset Derivatives, representing high-fidelity execution via RFQ protocol. It drives real-time price discovery within complex market microstructure, optimizing capital efficiency for multi-leg spread strategies.](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-rfq-protocol-digital-asset-derivatives-high-fidelity-execution.jpg)

Navigating crypto options requires superior data and execution protocols to counter information asymmetry and achieve precise pricing.

- 
### [What Role Do RFQ Systems Play in Mitigating Block Trade Market Impact?](https://options.greeks.live/question/what-role-do-rfq-systems-play-in-mitigating-block-trade-market-impact/)
![Interlocking dark modules with luminous data streams represent an institutional-grade Crypto Derivatives OS. It facilitates RFQ protocol integration for multi-leg spread execution, enabling high-fidelity execution, optimal price discovery, and capital efficiency in market microstructure.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-execution.jpg)

RFQ systems enable discreet, multi-dealer price discovery for block trades, minimizing market impact and enhancing execution quality.

- 
### [Geopolitical Shock Triggers Record Digital Asset Liquidation Event](https://options.greeks.live/news/geopolitical-shock-triggers-record-digital-asset-liquidation-event/)
![Two distinct components, beige and green, are securely joined by a polished blue metallic element. This embodies a high-fidelity RFQ protocol for institutional digital asset derivatives, ensuring atomic settlement and optimal liquidity. It visualizes best execution within market microstructure, supporting multi-leg spread strategies on a Prime RFQ.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-rfq-protocol-for-digital-asset-derivatives-high-fidelity-link.jpg)

Systemic vulnerabilities are exposed as geopolitical mandates transmit extreme volatility, triggering a cascade of automated liquidations.

- 
### [How Do Dynamic Quote Lifespans Influence Market Maker Profitability?](https://options.greeks.live/question/how-do-dynamic-quote-lifespans-influence-market-maker-profitability/)
![Close-up reveals robust metallic components of an institutional-grade execution management system. Precision-engineered surfaces and central pivot signify high-fidelity execution for digital asset derivatives. This represents the market microstructure supporting RFQ protocols, ensuring best execution and capital efficiency.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-grade-digital-asset-derivatives-rfq-execution-precision-optimizing-market-microstructure-for-best-execution-and-prime-os.jpg)

Dynamic quote lifespans directly influence market maker profitability by optimizing adverse selection exposure and inventory risk through temporal price commitment.

- 
### [What Are the Structural Differences between RFQ and CLOB Execution in Crypto Options?](https://options.greeks.live/question/what-are-the-structural-differences-between-rfq-and-clob-execution-in-crypto-options/)
![A transparent glass sphere rests precisely on a metallic rod, connecting a grey structural element and a dark teal engineered module with a clear lens. This symbolizes atomic settlement of digital asset derivatives via private quotation within a Prime RFQ, showcasing high-fidelity execution and capital efficiency for RFQ protocols and liquidity aggregation.](https://options.greeks.live/wp-content/uploads/2025/07/architecting-high-fidelity-execution-for-institutional-digital-asset-derivatives-rfq-protocols-and-systemic-liquidity-aggregation.jpg)

Crypto options RFQ provides discreet, firm pricing for large blocks, while CLOBs offer transparent, continuous execution for standardized contracts.

---

## Raw Schema Data

```json
{
    "@context": "https://schema.org",
    "@type": "BreadcrumbList",
    "itemListElement": [
        {
            "@type": "ListItem",
            "position": 1,
            "name": "Home",
            "item": "https://options.greeks.live"
        },
        {
            "@type": "ListItem",
            "position": 2,
            "name": "News",
            "item": "https://options.greeks.live/news/"
        },
        {
            "@type": "ListItem",
            "position": 3,
            "name": "Long-Term Bitcoin Holder Executes Systematic $136m Liquidation Event",
            "item": "https://options.greeks.live/news/long-term-bitcoin-holder-executes-systematic-136m-liquidation-event/"
        }
    ]
}
```

```json
{
    "@context": "https://schema.org",
    "@type": "Organization",
    "@id": "https://greeks.live/#organization",
    "name": "Greeks.Live",
    "url": "https://greeks.live/",
    "description": "Greeks.live is the definitive toolkit for the professional options trader, dedicated to empowering our users with institutional-grade data, advanced analytics, and a comprehensive suite of trading tools designed to provide a decisive edge in the market. Every article and guide published under the Greeks.live name is a product of our deep commitment to data-driven analysis and our mission to support the global trading community.",
    "email": "support@greeks.live",
    "logo": {
        "@type": "ImageObject",
        "url": "https://options.greeks.live/wp-content/uploads/2025/07/Greeks.Live-Logo-Icon.svg"
    },
    "hasPart": [
        {
            "@type": "WebSite",
            "name": "About Us",
            "url": "https://about.greeks.live"
        },
        {
            "@type": "WebSite",
            "name": "App Download Page",
            "url": "https://about.greeks.live/#/download/basic_trade"
        },
        {
            "@type": "WebSite",
            "name": "Newcomers' Guide",
            "url": "https://twisty-sign-c8b.notion.site/Guide-for-Greeks-live-X-Deribit-Newbies-5a08a3052822427d800af6eaf3704c8d"
        },
        {
            "@type": "WebSite",
            "name": "Knowledge Base",
            "url": "https://linktr.ee/greeks.live"
        },
        {
            "@type": "WebSite",
            "name": "Option Terminology",
            "url": "https://greekslive.notion.site/88dfc00e7c584d4d8969b6302a79a12f?pvs=4"
        },
        {
            "@type": "WebSite",
            "name": "Terms of Service",
            "url": "https://greeks.live/#/tos"
        },
        {
            "@type": "WebSite",
            "name": "Disclaimer",
            "url": "https://greeks.live/#/disclaimer"
        }
    ],
    "sameAs": [
        "https://x.com/greekslive",
        "https://youtube.com/@greeks_live?si=-KjT0Lkw4WUCI0tD",
        "https://t.me/greekslive_notifications",
        "https://t.me/greekslive",
        "https://pinterest.com/greekslive/"
    ],
    "makesOffer": [
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "RFQ Platform",
                "url": "https://rfq.greeks.live",
                "description": "Execute institutional-grade block trades for crypto options and futures. This platform provides deep, over-the-counter (OTC) liquidity via a professional Request for Quote system.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Lending Tools",
                "url": "https://lend.greeks.live",
                "description": "Manage crypto lending and borrowing activities to earn yield or secure loans. This suite of tools helps users analyze interest rates and manage collateralized debt positions.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Data Lab",
                "url": "https://greeks.live/#/deribit/tools/datalab/BTC",
                "description": "Analyze historical and real-time options data with advanced metrics. This tool is designed for backtesting strategies and identifying market trends through comprehensive data visualization.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Profit & Loss Analysis (PnL)",
                "url": "https://greeks.live/#/deribit/tools/pnl_analysis",
                "description": "Track and analyze the Profit and Loss (PnL) of your options portfolio. This tool provides detailed performance metrics to help traders evaluate and refine their strategies.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Position Visualization",
                "url": "https://greeks.live/#/deribit/tools/pv/BTC",
                "description": "Visualize complex options positions and their corresponding risk profiles. This tool generates payoff diagrams to help traders intuitively understand potential profit, loss, and exposure.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Options Calculator",
                "url": "https://greeks.live/#/deribit/tools/calculator",
                "description": "Calculate the theoretical price and risk parameters ('the Greeks') of crypto options. An essential tool for pricing new trades and analyzing the sensitivity of existing positions.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Greeks.live Main Platform",
                "url": "https://greeks.live/",
                "description": "The central hub for the Greeks.live suite of professional cryptocurrency options and derivatives trading tools. Access analytics, manage positions, and explore the ecosystem.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Community Forum",
                "url": "https://t.greeks.live",
                "description": "Join the official Greeks.live community. Connect with other traders, share insights, and receive the latest updates directly from the team.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Greeks.live for Deribit",
                "url": "http://deribit.greeks.live",
                "description": "A dedicated interface for trading on the Deribit exchange. This platform leverages Greeks.live's advanced analytics and tools specifically for users of Deribit's options and futures markets.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "Greeks.live for OKX",
                "url": "http://okx.greeks.live",
                "description": "A dedicated interface for trading on the OKX exchange. This platform integrates Greeks.live's powerful analytics with the OKX marketplace, focusing on its options and derivatives products.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "GLVS.AI Trading Platform",
                "url": "https://www.glvs.ai/",
                "description": "An AI-powered platform for automated crypto options trading. Leverage advanced algorithms and data-driven signals to develop and deploy sophisticated, hands-free trading strategies.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        },
        {
            "@type": "Offer",
            "itemOffered": {
                "@type": "Service",
                "name": "API Testnet & Sandbox",
                "url": "https://test.greeks.live",
                "description": "A dedicated testnet environment for developers to test their API integrations and automated trading strategies. This sandbox allows for full functionality testing without risking real funds.",
                "provider": {
                    "@id": "https://greeks.live/#organization"
                }
            }
        }
    ],
    "subOrganization": [
        {
            "@type": "Organization",
            "name": "GreeksLive HK Co., Limited",
            "email": "support@greeks.live",
            "telephone": "+852-56418949",
            "address": {
                "@type": "PostalAddress",
                "streetAddress": "Unit 11, 27/F, K. Wah Centre, 191 Java Road",
                "addressLocality": "Hong Kong",
                "addressRegion": "North Point",
                "addressCountry": "CN",
                "postalCode": "0000"
            },
            "geo": {
                "@type": "GeoCoordinates",
                "latitude": "22.2932357",
                "longitude": "114.2022026"
            },
            "image": "https://options.greeks.live/wp-content/uploads/2025/08/Wah-Centre-Hong-Kong.jpg"
        }
    ]
}
```

```json
{
    "@context": "https://schema.org",
    "@type": "Article",
    "mainEntityOfPage": {
        "@type": "WebPage",
        "@id": "https://options.greeks.live/news/long-term-bitcoin-holder-executes-systematic-136m-liquidation-event/"
    },
    "headline": "Long-Term Bitcoin Holder Executes Systematic $136m Liquidation Event \u25b4 News",
    "description": "A seasoned market participant's strategic asset rotation reveals a sophisticated approach to managing large-scale digital asset portfolios. \u25b4 News",
    "url": "https://options.greeks.live/news/long-term-bitcoin-holder-executes-systematic-136m-liquidation-event/",
    "datePublished": "2025-09-15T11:56:10+00:00",
    "dateModified": "2025-09-15T11:56:15+00:00",
    "articleSection": [
        "News"
    ],
    "author": {
        "@id": "https://greeks.live/#organization"
    },
    "publisher": {
        "@id": "https://greeks.live/#organization"
    },
    "image": {
        "@type": "ImageObject",
        "url": "https://options.greeks.live/wp-content/uploads/2025/07/prime-os-rfq-protocol-engine-component-digital-asset-derivatives-market-microstructure.jpg",
        "caption": "A precision metallic instrument with a black spherical component lies across a multi-layered structural representation of institutional digital asset derivatives trading. This imagery conveys the sophisticated market microstructure and high-fidelity execution capabilities of a Prime RFQ, crucial for managing block trades and multi-leg spread strategies. It emphasizes optimal price discovery through aggregated RFQ protocols, minimizing slippage and adverse selection across diverse liquidity pools. Such an intelligence layer ensures best execution and robust counterparty risk management, critical for Bitcoin options and Ethereum futures."
    },
    "keywords": [
        "Arbitrage Position",
        "Dormant Wallet",
        "Institutional Accumulation",
        "Leveraged Positions",
        "Market Timing",
        "Order Book",
        "Portfolio Rotation",
        "Price Discovery",
        "Systematic Liquidation",
        "Thin Volumes"
    ]
}
```

```json
{
    "@context": "https://schema.org",
    "@type": "WebSite",
    "url": "https://options.greeks.live/",
    "potentialAction": {
        "@type": "SearchAction",
        "target": "https://options.greeks.live/?s=search_term_string",
        "query-input": "required name=search_term_string"
    }
}
```


---

**Original URL:** https://options.greeks.live/news/long-term-bitcoin-holder-executes-systematic-136m-liquidation-event/
