BTC Price Drops But Whales Stay Out, Storm Not Over Yet?

Bitcoin Price Drops, Whales Stay Out, Is The Market Storm Not Over Yet?

Bitcoin (BTC) has just recorded a 7% decrease in the past week, falling far from the $100,000 mark .

While the overall cryptocurrency market is under pressure, the main reason for BTC's plunge is the withdrawal of large investors , commonly known as “whales.”

Bitcoin Whales Decrease Activity, Price Continues to Sink
According to data from IntoTheBlock , the net inflow of whales – addresses holding more than 0.1% of the total Bitcoin supply – has plummeted by 116% over the past 7 days.

This shows that big investors are selling off, reducing purchases to take profits.

In addition, the number of large transactions per day also decreased significantly:

Transactions worth $100,000 to $1 million fell 48% .
Larger deals, from $1 million to $10 million , are reduced by 50% .
This pullback weakens buying pressure, increasing the risk of further Bitcoin price declines .

Risk of Losing $95,690, Bitcoin Could Fall to $85,000?
Currently, BTC is trading around $95,690 , a key support level. If whales do not return to the market, Bitcoin could slide below $90,000 and reach $85,721 .

However, if large investors start accumulating again, the price could recover and head towards the all-time high of $108,388 .

When the market is still volatile, investors need to monitor closely to promptly adjust their strategies.