Bitcoin’s price remains under pressure as large-scale transactions by crypto whales have surged to their highest level in two years. These movements, often viewed as precursors to market volatility, signal potential further downside for BTC as uncertainty grips the broader crypto market.
Source – FXStreet
The rise in whale activity comes amid a challenging period for Bitcoin, with its value recently struggling to hold critical support levels. Analysts point to increased selling pressure from major holders as a potential driver of bearish sentiment, further compounded by a risk-off mood in financial markets.
Adding to the uncertainty, on-chain metrics reveal a sharp uptick in Bitcoin leaving centralized exchanges, suggesting that whales may be positioning themselves for prolonged market weakness. As institutional and retail traders react, Bitcoin’s short-term trajectory remains fraught with potential headwinds and volatility.
