Bitcoin Big Investors Step Back: Whale Inflows To Exchanges See Steep Decline

Since reclaiming the $107,000 price mark on Wednesday, Bitcoin has managed to hold strongly above this key level, reflecting its robust resilience despite a recent pullback. Following the renewed upward trend, bullish sentiment is growing stronger among key BTC investors on crypto exchanges.

Large Bitcoin Transfers To Exchanges Nosedive

Given the recent upsurge in Bitcoin’s price, major investors on crypto exchanges are starting to turn optimistic about the asset’s future performance. Darkfost, a verified author and on-chain analyst who shared the development on X, highlighted that Bitcoin whale inflows to exchanges are experiencing a sharp decline when compared to the past month. This trend signals a potential shift in market dynamics toward a more confident state among whale holders.

A sharp drop in whale inflows to exchanges reflects a retreat from immediate selling pressure, perhaps a revived preference for long-term holdings. It is mostly regarded as a bullish signal because reduced whale inflows often precede periods of price spikes, as it limits massive sell-offs.

As Bitcoin broke above the $100,000 mark and pushed toward a new all-time high, Darkfost stated that large investors took advantage of the rally and secured notable gains. The same action from these holders was seen back in 2024.

“Actually, the current pattern closely resembles what we saw in 2024 when BTC was reaching a new ATH,” the on-chain expert added. During this ongoing period of upward price performance, there was a brief second, lesser wave of inflows before inflows began to decline once again. 

This second wave of inflows was a result of the $2 billion in capital inflows recorded on June 16. However, Darkfost revealed that the inflows were entirely due to an internal transaction on Binance that moved over 20,000 BTC, while underscoring the importance of monitoring the metric on a monthly level for a much clearer signal.

If whale inflows continue to reduce on exchanges and history repeats itself, the expert is confident that the development might set the stage for Bitcoin to rally to a new all-time high in the near term.

BTC Next Big Move Approaching

Crypto analysts, such as Titan of Crypto, have hinted at a move to a new all-time high. In his recent analysis, the technical expert and trader highlighted that BTC could be gearing up for its next major move beyond its current peak.

Titan of Crypto’s forecast is supported by a key Inverse Head and Shoulders formation on the 1-month chart, which has remained valid since it emerged. Looking at the chart, Bitcoin broke out from the neckline of the channel and later retested the line. 

However, BTC’s price held strong above this line and rebounded sharply back to the $107,000 threshold. Should this ongoing uptrend persist, Titan of Crypto anticipates a robust surge to the $125,000 mark.