Bitcoin volatility hits the roof after 12K BTC whale inflows in ONE day!
After months of sideways movement, Bitcoin's price volatility has surged significantly, with sharp swings observed between February 5-6. The cryptocurrency dropped 14.3% before rebounding 12.2%, triggering heavy liquidations on both long and short positions. This increased volatility is reflected in rising 30-day and 180-day volatility metrics, indicating a shift from the previous calm market phase.
Large Bitcoin holders (whales) have been moving substantial amounts of BTC to exchanges, with average monthly inflows jumping from 1,000 BTC to nearly 3,000 BTC. A notable spike occurred on February 6 alone, with approximately 12,000 BTC transferred to exchanges—a sign often associated with preparation for selling. Since February 1, there have been seven days with whale inflows exceeding 5,000 BTC, frequency that is unusually high and typically seen during market tops or panic sell-offs.
At the time of writing, Bitcoin was trading at $67,800, well below its 20-day moving average near $77,000. The RSI remained below 40, indicating continued downward momentum, while the DMI suggested bearish control. The weak bounce from the $60,000 support zone, combined with elevated whale selling pressure, points to fragile market conditions. Bulls face significant challenges in stabilizing the trend.
ambcrypto02/13 06:04
