BTC 15-minute sharp decline of 1.36%: whale selling combined with long liquidation resonance triggers short-term selling pressure

Between May 4, 2026, 10:00 and 11:00 (UTC), BTC experienced a significant short-term correction, with a return of -1.36%, a price range of 78,599.1 to 79,877.7 USDT, and an amplitude of 1.60%. The market underwent rapid selling pressure within a brief hour, and on-chain data showed increased capital outflows, with short-term volatility clearly amplified.

The main driver of this anomaly was the concentrated inflow of whale funds into exchanges. Data indicates that during this period, whales net flowed into exchanges by 1,428.3 BTC, a substantial increase compared to the previous hour, directly creating large sell pressure, which was the core trigger for the price decline. The causal relationship between whale fund flows and price drops was highly consistent within this window.

Additionally, the open interest in perpetual contracts remained high, with capital flows concentrated in long positions. After whale sell-offs, long positions were forced to close, triggering a chain reaction of long-short rotation, further intensifying the downward price movement. Meanwhile, active addresses and trading volume on-chain increased in tandem, indicating that market participants accelerated trading during the price anomaly, amplifying short-term volatility. Multiple factors resonated within a short period, leading to a rapid price correction.

Current volatility risks remain, and it is recommended to monitor subsequent whale fund flows, exchange balance changes, and adjustments in perpetual contract positions. If selling pressure persists, the price may further test key support levels; if bullish sentiment recovers, a stabilization and rebound are possible.