Whales Trigger Bitcoin Rush as Market Dynamics Shift
Main Idea
Major Bitcoin whales have significantly transferred BTC to exchanges, indicating a measured repositioning rather than panic, with the market showing stability around $114,000.
Key Points
1. Whales have transferred large amounts of BTC to exchanges, raising the Exchange Whale Ratio indicator to 0.7.
2. Long-term whales still control 67% of the total Bitcoin supply, suggesting strategic repositioning.
3. Bitcoin's price stabilized around $114,000 despite exchange inflows, with key resistance levels at $115,000-$116,000.
4. Support levels are noted at $110,000 and $100,000, with the market absorbing whale sales.
5. The activity indicates whales may be preparing for liquidity needs ahead of the next bull run.
Description
Whales are moving Bitcoin to exchanges, raising the Exchange Whale Ratio to 0.7. This movement is interpreted as short-term profit-taking and preparation for volatility. Continue Reading: Whales Trigger Bitcoin Rush as Market Dynamics Shift The post Whales Trigger Bitcoin Rush as Market Dynamics Shift appeared first on COINTURK NEWS .
Latest News
- Trump Fights Discrimination Against Crypto Firms with New Order2025-08-05 11:25:55
- Fortunate Trader Strikes Gold with TROLL Coin Boom!2025-08-05 11:11:08
- Litecoin Surges Over 11% in 24 Hours: Key Drivers and Indicators2025-08-05 10:31:55
- Seize the Opportunity: Discerning Investors Embrace Altcoin SUI2025-08-05 09:49:25
- Whales Trigger Bitcoin Rush as Market Dynamics Shift2025-08-05 09:14:37