The analyst expects high volatility for Bitcoin, which can, consequently, impact the broader market, as new Bitcoin whales see the red zone.
By Wahid Pessarlay
Editor Julia Sakovich
Updated
2 mins read
The market-wide uncertainty and bearish selloff with high liquidations doesn’t seem to be over yet. And now, new Bitcoin BTC $113 115 24h volatility: 1.9% Market cap: $2.25 T Vol. 24h: $88.14 B whales will likely take the volatility a step further.
CryptoQuant CEO Ki Young Ju shared the unrealized profit ratio chart for new Bitcoin whales, which just turned into the loss zone, in an X post on Tuesday, Oct. 14.
Paper Bitcoin investors have just gone underwater. This doesn't tell us if it’s bullish or bearish, but one thing’s clear: volatility is coming. pic.twitter.com/SNtjSMYP3z
— Ki Young Ju (@ki_young_ju) October 14, 2025
According to the data, new Bitcoin whales have started to see unrealized losses as the asset plunged from its all-time high of $126,198. “Volatility is coming,” Young Ju wrote.
The CryptoQuant CEO claimed that the indicator can’t predict the next market movement. In June and July 2021, the red unrealized profit ratio for new Bitcoin whales triggered stronger accumulation, which pushed BTC price above an ATH of $68,000.
In February 2022, Bitcoin and the broader crypto market saw a strong selloff after the indicator went “underwater.”
Bitcoin has been on a downward spiral amid expectations of high volatility. BTC dropped to $111,569 earlier today, Oct. 14.
The selloff comes as the US-based spot BTC exchange-traded funds recorded a net outflow of $326.4 million on Oct. 13, according to data from Farside Investors. The outflows majorly came from GBTC, BITB, and FBTC while BlackRock’s IBIT saw an inflow of $60.4 million.
Last week, the BTC-based investment products brought a net inflow of $2.71 billion.
Spot Ethereum ETH $4 128 24h volatility: 2.4% Market cap: $495.44 B Vol. 24h: $60.58 B ETFs registered a deeper net outflow of $428.5 million, led by ETHA’s $310.1 million selloff. ETH also dropped 4% to $3,990.
On Oct. 12, Binance saw a USDT USDT $1.00 24h volatility: 0.0% Market cap: $180.13 B Vol. 24h: $173.78 B inflow of roughly $1.4 billion, which eventually brought bullish momentum to the market. Over the past 24 hours, however, the largest crypto exchange saw a net outflow of just over 190 million USDT, according to CoinGlass data.
When stablecoins leave centralized exchanges, it usually means that market participants are experiencing fear, uncertainty, and doubt. The negative sentiment would, consequently, lead to market-wide selloffs.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Wahid has been analyzing and reporting on the latest trends in the decentralized ecosystem since 2019. He has over 4,000 articles to his name and his work has been featured on some of the leading outlets including Yahoo Finance, Investing.com, Cointelegraph, and Benzinga. Other than reporting, Wahid likes to connect the dots between DeFi and macro on his newsletter, On-chain Monk.
