Bitcoin whale selling tops $16.7B in September — best altcoins to buy during market Dip

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Bitcoin whales have offloaded more than $16.7 billion in September, creating both fear and opportunity in the market.

As traders look for the best altcoin to buy, MAGACOIN FINANCE is gaining attention for its safety-first approach and ongoing audits, making it a standout choice in a shifting market.

Bitcoin whales offload billions in September

Bitcoin whales have been on a selling spree throughout September, moving billions of dollars’ worth of BTC across exchanges.

According to on-chain data, wallets that had been dormant for nearly a decade have suddenly begun transferring large amounts, creating waves across the market.

One whale alone sold more than $4 billion worth of Bitcoin for Ethereum last month, and has since resumed selling as Bitcoin touched $116,000 for the first time in weeks.

Lookonchain tracked the whale depositing 1,176 BTC (worth $136 million) into trading platforms, which kicked off fresh selling.

This activity follows a massive 115,000 BTC sell-off worth $12.7 billion, the largest since mid-2022.

Analysts note that these moves have pressured Bitcoin’s price structure in the short term, keeping it below the $116,000 line despite several retests.

For traders, the takeaway is clear: whale movements often signal where capital is rotating next — and many are now eyeing altcoins.

Ethereum swap highlights sentiment shift

The same whale that sold 35,991 BTC for Ethereum earlier this month offers an important clue to market behavior.

By rotating out of Bitcoin into ETH, the whale essentially signaled that “smart money” is searching for better opportunities outside BTC.

Even though the ETH/BTC ratio remains flat near 0.0401, Ethereum has gained nearly 6% over the past month.

This shows that whales are not just reducing exposure to Bitcoin but are also diversifying their holdings.

The scale of these swaps matters because it highlights how capital rotation works in crypto cycles.

When whales reduce Bitcoin exposure, attention often turns to the best altcoins to buy during a dip, giving smaller projects the chance to shine.

Bitcoin price struggles near $116,000

Bitcoin has been flatlining around the $116,000 mark after hitting a local peak above $124,000 in mid-August.

It has since dropped around 7%, moving in a tight band between $110,000 and $116,000.

This stagnant action comes even as on-chain metrics suggest long-term stability.

Analysts point out that despite whale dumping, institutional buyers and ETF inflows are providing balance.

Still, traders should be cautious, as heavy whale activity can continue to weigh on price action in the near term.

For smaller players, this range-bound movement is frustrating — but it also sets the stage for capital to flow into altcoins that carry strong narratives and trust factors.

Why MAGACOIN FINANCE is on trader radars

As Bitcoin whales trigger uncertainty, MAGACOIN FINANCE is being noticed as one of the best altcoins to buy in this dip.

Its focus on safety and security appeals to traders who want stability even in volatile times.

Audited for safety — CertiK ongoing, HashEx completed
Security-first design with anti-phishing protocols
Active community presence driving adoption

For traders watching capital rotate out of Bitcoin, MAGACOIN FINANCE offers a safer and cheaper way to get exposure to an altcoin backed by transparent practices.