Investors are on edge after a massive Bitcoin sale shook the market today. A wealthy investor linked to Donald Trump sold a fortune in crypto assets. Now, top analysts warn that the Bitcoin price could tumble all the way down to $49,000.
Massive Selloff Sparks Market Panic
The crypto market took a hit when a major “whale” decided to cash out.
Data from on-chain trackers reveals that Garrett Jin sold a staggering 5,000 Bitcoin. This single transaction is valued at approximately $348.82 million. Jin is often called a “Trump insider” in crypto circles due to his previous affiliations.
He moved these funds directly to Binance to sell.
This massive move sent shockwaves through the trading community and signaled a lack of confidence from big players.
Despite this massive dump, Jin has not left the market entirely. Reports indicate he still holds over 30,000 Bitcoin in his wallets. That remaining stash is worth a colossal $2.09 billion at current prices.
garrett jin bitcoin whale dump market chart analysis
Whale Movement Snapshot:
- Seller: Garrett Jin
- Amount Sold: 5,000 BTC
- Value: ~$348 Million
- Platform: Binance
- Remaining Balance: ~30,000 BTC
Traders are watching his wallet closely.
If he decides to sell more, it could push prices down even further. The market struggles to absorb such large sales without the price dropping.
Analyst Maps Out The Bear Cycle
Experts are trying to figure out where the price will stop falling.
Colin Talks Crypto, a well-known market analyst, shared a gloomy outlook. He believes Bitcoin has been trapped in a bear market since October 6, 2025. This downward trend has lasted just over four months so far.
History suggests there is more pain to come.
Typical bear markets last about a year from top to bottom. Based on this historical pattern, the market is only about 35% through its negative cycle. This implies we have many months of struggle ahead.
He believes the price bottom will likely hit near $49,000 based on current data.
While his estimate ranges between $32,000 and $60,000, he pinpoints $49,000 as the most probable target. This prediction has made many retail investors nervous about their holdings.
Fear Grips Traders Amid Downtrend
The mood in the market is incredibly tense right now.
Current data shows that investor sentiment has hit rock bottom. The “Fear & Greed Index” on CoinMarketCap is currently sitting at 11. This score indicates “Extreme Fear” among traders and investors.
No one wants to buy when the outlook is this grim.
Other analysts confirm that the market momentum is weak. An expert known as Scient pointed out that Bitcoin is in a clear “macro downtrend.” He noted that past bear markets in 2019 and 2022 only ended when price strength returned.
Right now, that strength is missing.
Another analyst, The Great Martis, stated that Bitcoin momentum is “plummeting.” He warned that any small price bounce will likely be weak. The general consensus is that the price could drift lower over time.
Exchange Data Shows Volatile Flows
Money is moving in and out of exchanges at a rapid pace.
Whale Alert reported another transfer of 1,651 BTC to Binance recently. This transfer was worth about $113.9 million. When coins move to exchanges, it usually means holders are preparing to sell.
Exchange flow data paints a chaotic picture.
Earlier this week on February 3, there was a net outflow of negative $450 million. This aligned with the price dropping toward the $65,000 range. It showed heavy selling pressure at the start of the week.
However, things might be stabilizing slightly.
Data from February 6 and 7 showed strong outflows from exchanges. This often suggests that some buyers are stepping in to scoop up cheap coins. Since February 8, the flows have become more balanced.
| Date | Net Flow Action | Price Impact |
|---|---|---|
| Feb 3 | Heavy Inflows (Selling) | Price dropped to $65k-$68k |
| Feb 6-7 | Strong Outflows (Buying) | Price stabilized temporarily |
| Feb 8 | Balanced Flows | Reduced volatility |
The selling pressure seems to have eased for the moment. But with major whales like Jin active, the situation remains fragile.
In short, the crypto market is facing a serious test of strength. A major whale dumped hundreds of millions in Bitcoin, and experts fear the price could drop to $49,000. While some selling pressure has paused, the “Extreme Fear” in the market suggests investors should be very careful. It is a rocky road ahead for everyone involved in crypto.
Do you think Bitcoin will crash to $49k or bounce back? Share your thoughts in the comments below. If you are tracking this on social media, use the hashtag #BitcoinDip2026 to join the conversation.
