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>>Whale Activity Surges as Bitcoin Market Strain Sets In: Selling Pressure or Risk Management?

Whale Activity Surges as Bitcoin Market Strain Sets In: Selling Pressure or Risk Management?

crypthub

about 3 hours ago

Market Momentum

Bitcoin has failed to regain the $70,000 mark as persistent selling pressure curtails upside. Traders stay defensive amid volatility and macro uncertainty, reinforcing short‑term resistance. Without stronger demand, further downside remains likely.

Whale Activity

CryptoQuant data show large holders grew nervous after the dip below $60,000, moving Bitcoin to Binance in greater volumes. Monthly inflows rose from about 1,000 BTC to nearly 3,000 BTC, with a 12,000 BTC spike on Feb 6. Frequent >5,000 BTC daily inflows indicate active portfolio adjustments rather than passive holding.

Technical Outlook

Technically, Bitcoin now trades below key moving averages, displaying lower highs since the late‑cycle peak. The $60,000‑$62,000 zone acts as a critical support; holding it could enable sideways consolidation, while a break may trigger deeper retracement. Macro liquidity, institutional flows, and derivatives exposure will shape the next move.