Whales diverge as bitcoin falls below $66,000

Bitcoin’s slide below $66,000 and roughly $1.8 billion in liquidations produced a sharp market selloff. On-chain data shows large holders responded unevenly, increasing positions in Maple Finance (SYRUP) while reducing stakes in Official Trump (TRUMP) and Aster (ASTER).

Whale cohorts lifted Maple Finance balances by about 220% in 24 hours, adding roughly 1.15 million SYRUP tokens, valued near $180,000 at current prices. The top 100 addresses increased their SYRUP holdings by about 0.97%, roughly 11 million tokens, a position worth about $1.7 million. Smart-money wallets cut Maple exposure by about 4.6% and exchange balances rose about 2.1% in the same period.

Maple Finance’s on-chain metrics showed a total value locked near $3.9 billion, about 21% higher than in late April. Active loans were about $1.83 billion and annualized protocol fees were close to $75 million. Maple’s yield-bearing products, syrupUSDC and syrupUSDT, offered yields near 4.7% and 4.1% respectively. Holder counts exceeded 4,200.

Whales trimmed Official Trump holdings by about 1.35% during the session, removing roughly 65,800 tokens, near $130,000 at current prices. The top 100 addresses showed little change in their TRUMP balances. TRUMP traded near $2, down from earlier highs. Daily token unlocks released about 900,000 tokens per day through May, an estimated supply equal to roughly $2 million per day, with further unlocks scheduled.

Large holders reduced Aster positions by about 3.42% in 24 hours, selling roughly 765,000 tokens, near $520,000. Top 100 wallets and exchange balances showed little movement, indicating the selling was concentrated in other large addresses. Aster launched in September 2025, is linked to a major decentralized perpetual exchange and maintains close ties with Binance. Aster’s market price ticked up about 1% on the day.

Keeta (KTA) diverged from the broader selloff. KTA fell about 8% in the session, while whale cohorts increased their holdings by about 4.56%, adding roughly 6,300 tokens. Keeta is a Layer-1 network focused on payments, lists former Google CEO Eric Schmidt among its backers and has plans to use KTA reserves in a bank acquisition strategy.

On-chain flows during the liquidation event showed accumulation in Maple and Keeta and net selling in Official Trump and Aster, with differing activity across whale cohorts and address groups.