BTC Over the last 24 hours, it has moved within a range of about $88,500 to $93,000 USD. Technical indicators show mostly bearish signals
According to the current data, more than 29K transactions totalling more than $1 million have been reported this week.
Concurrently, about 103K Bitcoin transactions totalling more than $100,000 have been reported, demonstrating a notable rise in high-value transfers across the network.
The next support could be lower if this breaks. For Bitcoin to continue rising, this area must be cleared. The 200-day MA is approximately $95,300 USD, and the 50-day MA is approximately $91,892 USD. Reversing the trend could be aided by breaking above the 200-day MA.
This increase coincides with the first time in seven months that Bitcoin momentarily dropped below $90,000. Large investors, sometimes referred to as “whales,” have been compelled by the price decline to transfer substantial sums of Bitcoin between wallets and exchanges.
This pattern is typical during periods of significant volatility, according to analysts, when major players seize the chance to either reposition or buy more Bitcoin at reduced prices.
Whale activity has increased nearly in tandem with the current decline in prices, according to Santiment. The site stated that this week “has a good chance of becoming the most active whale week of 2025,” highlighting the possibility that these significant transactions could create a new record.
According to market experts, this change may indicate that significant investors’ attitudes are shifting.
Current data indicates a steady return to accumulation, despite the fact that whales were recently observed selling during price decreases. If this pattern persists, it might aid in market stabilisation and possibly encourage a more robust rebound.
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