- A dormant whale bought 250 BTC worth $26.3M, signaling revived institutional confidence.
- Bitcoin must hold momentum to break $107K; otherwise, it risks a drop to $101,436 if support fails.
Bitcoin [BTC] is back in accumulation mode.
A revived whale, growing Exchange Outflows, and sustained buying pressure are fueling bullish sentiment.
While price action remains range-bound, underlying on-chain signals hint that BTC may be gearing up for a move if momentum sustains.
According to Lookonchain, a whale dormant for two years bought 250 BTC worth $26.3 million.
This whale withdrew 500 bitcoins worth $13.7 million from Gemini 2 years ago, now sitting on a $39 million unrealized profit.
With this whale waking up after years of dormancy, it signals growing confidence in Bitcoin’s prospects. Significantly, this whale extends overall market behavior as most investors are stacking BTC again.
Whales are pulling BTC from exchanges
Source: IntoTheBlock
When we look at overall whale behavior, this group is aggressively accumulating.
According to IntoTheBlock, the Netflow Ratio of Large Holders has dropped to the negative zone, hitting -0.05.
In plain terms, whales aren’t sending coins to exchanges to sell. Instead, they’re moving them out — a sign of conviction.
Source: CoinGlass
This aligns with broader Exchange Balance data.
According to CoinGlass data, over the past week, about 67,854.33 Bitcoins have left centralized exchanges.
In detail, 25,368.42 BTC flowed out of Bitfinex in the past 7 days, and 10,291.95 BTC flowed out of Binance.
Finally, 9,867.35 BTC flowed out of Coinbase, signaling high demand for the crypto. This demand is evidenced by the fact that the Taker Buy Sell Ratio has remained positive for two consecutive days.
Source: CryptoQuant
When this metric holds above 1 and positive, it suggests that buyers are dominating the market. Inasmuch so, buyers have scooped 8.68k BTC over the past two days, with the market recording a positive delta.
What’s next for Bitcoin? – Momentum or correction
According to AMBCrypto’s analysis, Bitcoin is seeing buying momentum reawaken.
Although BTC has struggled on its price charts, whales and retail investors are convinced of the market and remain optimistic.
Historically, a high demand for Bitcoin has preceded higher prices. For instance, when BTC rallied to the recent ATH, buyers accumulated 65.9k BTC within 48 hours.
If the market maintains this momentum, BTC could finally break above the $107K resistance and retest the $109K zone — a level that has rejected buyers twice before.
Having said that, if buying pressure fades, the vacuum could be quickly filled by sellers. In that case, BTC risks dropping below the $104K support and slipping as low as $101,436.
