$326.4M of BTC + $428.5M of ETH Sold on Oct. 13 Someone’s Pressing the Panic Button
Well, it appears someone hit the sell button hard on October 13 rumors (or overconfident estimates) suggest that $326.4 million worth of Bitcoin and $428.5 million worth of Ethereum were unloaded in a single day. Because when volatility hits, might as well make it loud.
If those numbers even come close to reality, that’s a king’s ransom in digital assets being dumped at market. The scale alone would be enough to spook even seasoned speculators. It feels like a throwback to “liquidate everything” panic sessions except this time the assets are big names (BTC, ETH) not some random memecoin.
Let me temper the dramatics: I could not locate a major exchange, blockchain tracker, or institutional report that confirms exactly $326.4M BTC + $428.5M ETH sold on Oct. 13. But given recent market turbulence especially after the $19B+ crypto liquidation week earlier in October and trade war headlines such heavy sales are plausible in the face of fear, forced liquidations, or margin calls. (The market had already seen billions wiped in leveraged positions.)
If true, this level of offloading suggests one or more of these scenarios:
-
A large institution or whale exiting part of a position
-
Margin or liquidation cascades forcing BTC/ETH sales
-
A sentiment shift “if ETH is down, sell it now before it’s worse”
-
Coordinated trading or algorithmic triggers
The broader market was already in jittery mode. Investors were hedging, scaling out, or just scrambling for the exit. Even though the rest of the day saw some bounce, heavy sales like these (if real) would put real pressure on price floors. Ethereum and Bitcoin both have key support levels; breaking through them with big volume is often a sign of weakness.
So yes $326.4M in BTC and $428.5M in ETH might or might not reflect actual, on-chain sales. But they do make for headlines, and bring to light how fragile sentiment is in crypto markets right now.
FAQs
Q1: Are the figures $326.4M BTC and $428.5M ETH confirmed?
A1: No these appear to be estimates or rumors. I couldn’t find reliable, verifiable sources confirming those exact numbers.
Q2: Could such large sales affect the market price?
A2: Absolutely. Large volume sales in BTC or ETH can overwhelm buy support, drive prices lower, trigger stop-loss cascades, and spook other investors.
Q3: What might trigger these sales?
A3: Liquidations, margin calls, institutional repositioning, sentiment shifts (fear), or algorithmic exit strategies.
Q4: Did anything happen in the market around Oct. 13 to provoke this?
A4: Yes the market had recently experienced a massive $19+ billion liquidation event, heavy volatility, and macro tension (trade war, tariffs) that likely exacerbated selling pressure.
Q5: How can one verify large sales like this?
A5: Through blockchain forensics, exchange flow data, institutional disclosures, on-chain analytics platforms (Arkham, Chainalysis, etc.), and aggregated trading data.
Q6: Should retail investors worry about this?
A6: Yes and no. It’s a warning sign of fragility and volatility meaning caution is justified. But retail investors shouldn’t panic-sell on every headline; timing, risk management, and conviction matter more.