Whale Accounts Dump $356M In Bitcoin And Zcash Longs On Sept 24

At least seven whale accounts closed $356 million in crypto long positions on Sept. 24, with six accounts exiting Bitcoin and one closing a Zcash position, according to on-chain monitoring data. The large-volume transactions occurred across the trading day, marking one of the more significant single-day whale exit events of late September. The $356 million total represents the combined notional value of the closed long positions, with the bulk of the activity concentrated in Bitcoin.

Six of the seven whale accounts closed Bitcoin long positions on Sept. 24, accounting for the majority of the $356 million in total closed value. The individual position sizes varied across the six accounts, though on-chain data did not immediately disclose the exact BTC amount per wallet at the time of reporting. The closures were executed in large-volume transactions, consistent with whale-tier activity rather than retail-scale trading.

The single Zcash long position closed on Sept. 24 added a distinctive element to the day's whale activity, with one account exiting a ZEC position as part of the $356 million total. The Zcash closure represented a smaller portion of the overall figure compared with the six Bitcoin positions, reflecting ZEC's lower price per token and comparatively thinner liquidity.

The whale exits on Sept. 24 occurred against a broader crypto market backdrop that included mixed price action across major assets. Bitcoin's price on that date reflected the selling pressure from the six closed long positions, though the market demonstrated resilience in absorbing the reduced exposure without a sharp breakdown.