Market Stabilization and Potential Recovery
Data from on-chain records indicates that aggressive selling pressure is dissipating in futures and spot markets, and Bitcoin could be at rest after recent losses.
Whale holdings display that the large-scale selling is decelerating, which indicates the initial signs of the possible re-accumulation period on the Bitcoin market.
The presence of stablecoin reserves and a balanced future is a sign of renewed purchasing power, which backs the attempt by Bitcoin to create a short-term market bottom.
Bitcoin’s recent downturn appears to be losing momentum as whale selling pressure starts to ease, signaling possible market stabilization after weeks of decline. On-chain data now suggests that the market may be entering an early recovery phase.
Fading Sell Pressure Signals a Potential Bottom Formation
According to CryptosRus, the latest on-chain indicators point to a reduction in selling activity across both futures and spot markets. The 90-day Futures CVD metric shows that aggressive taker-sell pressure is subsiding, suggesting that forced liquidations and short-driven moves are slowing. This trend indicates that the intense selling activity which fueled Bitcoin’s recent pullback may be stabilizing.
Spot CVD data remains slightly negative, meaning some holders are still exiting positions. However, the pace has noticeably slowed compared to earlier declines. The Stablecoin Supply Ratio, another closely monitored indicator, has also returned to a zone that historically marked the start of recovery phases in this cycle.
The aSOPR metric hovering near 1.0 reflects that most coins are being sold around their cost basis rather than at steep losses. This indicates the absence of panic-driven selling behavior. With leverage flushed out and retail participation subdued, conditions appear similar to early bottoming stages seen in previous market cycles.
Whale Activity Suggests Selling Exhaustion Developing
Data shared by burakkesmeci supports the observation that whale selling pressure may be nearing exhaustion. The 30-day percentage change in whale Bitcoin holdings has shown persistent negative values, meaning large holders have been distributing their assets. This has exerted steady pressure on the market throughout September 2025.
Source: burakkesmeci
The decline in whale balances—illustrated by the red zone on recent charts—points to continuous selling over the past month. Yet, recent movements suggest this wave of distribution is beginning to slow. The narrowing purple area on the indicator shows a gradual recovery from negative levels, implying reduced selling momentum among large holders.
In early October, the trend became more striking, as whales significantly decreased their net selling. This may also mark the beginning of a re-accumulation phase that always precedes short-run recoveries in the market. Historically, such moderation in selling has been accompanied by price stabilization and gradual sentiment improvement.
Market Dynamics Reflect Growing Stability and Cautious Optimism
Current market conditions indicate a shift from heavy liquidation to cautious accumulation. Futures positions are showing signs of balance, and open interest appears to be stabilizing after extensive deleveraging. This combination often precedes the formation of a short-term base before new directional movement.
Retail traders remain hesitant, maintaining moderate participation levels, while stablecoin reserves on exchanges suggest growing potential buying power. The combination of easing Whale Selling Pressure and rising stablecoin availability may set the stage for a renewed market, at least once sentiment improves.
Ultimate outlook is still unclear, but overall on-chain data suggests that the period of aggressive selling may soon close as well. If the situation continues and buying momentum continues to increase, Bitcoin may start to carve out a stronger basis for recovery in the coming sessions.