Bitcoin Drops 2.5% as Whales Move Funds
Posted: Fri Jul 25, 2025 5:00 am
Hey everyone,
Bitcoin saw a sharp 2.5% drop over the past day, falling to around $115,200. The decline is largely attributed to massive whale activity, with large holders moving millions of dollars worth of BTC to exchanges. Such movements often indicate that big players might be preparing to sell, creating extra pressure on the market.
On-chain data suggests that thousands of BTC, worth over half a billion dollars, have been shifted to trading platforms and new wallets. These large transfers are one of the biggest single-day moves in recent weeks, adding to concerns of short-term volatility.
Technical indicators are also turning cautious. The MACD recently signaled a bearish crossover, and RSI levels have dropped, pointing to weaker momentum. Bitcoin is struggling to hold above the key $115,000 support zone, with its 7-day moving average hovering around $118,000.
Market sentiment is cooling as well. While ETFs have seen inflows, the overall trend has slowed, and the Altcoin Season Index has dipped. This combination of whale activity, fading momentum, and cautious sentiment could mean more choppy trading ahead.
For traders, the key levels to watch are $115,000 for support and $118,000 for resistance. A bounce above $118,000 could reignite bullish momentum, while a break below $115,000 might open the door to deeper corrections toward $113,000 or lower.
What do you think? Are whales preparing for a larger sell-off, or is this just profit-taking before Bitcoin moves higher? Is this dip an opportunity to buy, or are you waiting for a clearer signal before making a move?
Bitcoin saw a sharp 2.5% drop over the past day, falling to around $115,200. The decline is largely attributed to massive whale activity, with large holders moving millions of dollars worth of BTC to exchanges. Such movements often indicate that big players might be preparing to sell, creating extra pressure on the market.
On-chain data suggests that thousands of BTC, worth over half a billion dollars, have been shifted to trading platforms and new wallets. These large transfers are one of the biggest single-day moves in recent weeks, adding to concerns of short-term volatility.
Technical indicators are also turning cautious. The MACD recently signaled a bearish crossover, and RSI levels have dropped, pointing to weaker momentum. Bitcoin is struggling to hold above the key $115,000 support zone, with its 7-day moving average hovering around $118,000.
Market sentiment is cooling as well. While ETFs have seen inflows, the overall trend has slowed, and the Altcoin Season Index has dipped. This combination of whale activity, fading momentum, and cautious sentiment could mean more choppy trading ahead.
For traders, the key levels to watch are $115,000 for support and $118,000 for resistance. A bounce above $118,000 could reignite bullish momentum, while a break below $115,000 might open the door to deeper corrections toward $113,000 or lower.
What do you think? Are whales preparing for a larger sell-off, or is this just profit-taking before Bitcoin moves higher? Is this dip an opportunity to buy, or are you waiting for a clearer signal before making a move?