Mysterious Daily Bitcoin Seller Triggers $2 Billion Liquidations Amid Market Rout

A mysterious daily Bitcoin seller has become the focus of intense speculation after consistently executing aggressive sales on major cryptocurrency perpetual futures markets at precisely each trading day for the past two weeks. The activity has coincided with Bitcoin’s sharp decline below $90,000, triggering over $2 billion in liquidations across the market and amplifying an already brutal sell-off.

The Pattern: 9:30 a.m. EST Sales Ignoring Volatility

On-chain analysts and market observers, including those from Front Runners and SightBringer, have identified the pattern as systematic flow from what appears to be a single entity or tightly coordinated group. The sales occur regardless of price direction, order book depth, or volatility — characteristics that distinguish them from typical algorithmic or retail trading.

This persistent pressure has contributed to Bitcoin’s multi-week rout, with the cryptocurrency falling from its October all-time high of $126,000 to current levels around $86,000 — a 31% decline. The timing aligns with the New York market open, when U.S. institutional activity typically peaks.

$2 Billion Liquidations: The Cascade Effect

The seller’s activity has exacerbated an already fragile market, sparking a liquidation cascade that has wiped out $2 billion in positions over the past 48 hours — predominantly long positions. This marks one of the largest two-day liquidation events of 2025, comparable only to the October flash crash that liquidated $19 billion in a single day.

The forced selling has deepened the downturn, with Ethereum, Solana, and major altcoins posting losses of 5.6%, 3.2%, and 3-5%, respectively. The total crypto market capitalization has shed more than $1 trillion over the past six weeks, now sitting at $3.1 trillion.

Market Context: Fragility from October’s $19 Billion Flash Crash

The current rout builds on the aftershocks of October 10’s flash crash, which liquidated $19 billion across platforms and left major market makers nursing significant losses. That event created a “liquidity hole” that has persisted for six weeks, with spot inflows surging but perpetual funding rates remaining negative and open interest suppressed.

Analysts note that the daily seller’s timing — precisely at the U.S. market open — suggests sophisticated execution, possibly a hedge fund deleveraging, rebalancing, or executing a structured exit strategy. Unlike typical trading, the sales ignore thin order books and volatility spikes, adding to the perception of coordinated pressure.

Surge in Spot Inflows, Whale Sales, and ETF Outflows

Compounding the mystery seller’s impact are conflicting forces:

• Spot inflows have surged as institutions accumulate via ETFs, with $2 billion in BTC/ETH buys over the past month.
• Whale sales have accelerated, with 810,000 BTC dumped by long-term holders in 30 days.
• ETF outflows reached $2.8 billion in November, the worst monthly drawdown since February.

These dynamics have created a tug-of-war, with the daily seller acting as a consistent downward force amid fragile markets still scarred from October’s liquidation cascade.

Potential Implications: Temporary Pressure or Systemic Signal?

While the seller’s activity has intensified the downturn, some analysts view it as temporary rather than a harbinger of structural problems. The broader macro environment remains constructive, with global monetary easing and quantitative tightening nearing its end. If the sales taper as liquidity normalizes, Bitcoin could find support around $80,000–$85,000 before attempting a rebound.

However, if the pattern persists and coincides with further whale distributions or ETF redemptions, the downside could extend toward $70,000 or lower, testing the four-year cycle’s resilience.

Bottom Line

The mysterious daily Bitcoin seller executing at 9:30 a.m. EST has become a focal point for the current market rout, contributing to $2 billion in recent liquidations and deepening the $1 trillion market cap loss. Whether this represents coordinated deleveraging or something more ominous remains unclear, but the activity has undeniably amplified an already fragile environment still recovering from October’s $19 billion flash crash. For now, buyers appear to be waiting below $80,000 for confirmation of a sustainable bottom.