Bitcoin Whale Outflows: Over 17,000 BTC Exit Exchanges in 7 Days

Crypto whales are on course to a full recovery, driving market sentiments to new highs not recorded since January. Over the past week, centralized digital asset exchanges have seen massive whale outflows signaling another wave of price momentum. This comes on the heels of strengthened institutional demand in Bitcoin (BTC) and altcoins. Bitcoin Metrics Are Bullish On-chain data shows a spike in trader sentiment as long-term holders move assets. Aside from several technical indicators pointing to a full recovery, Bitcoin holders are poised to reclaim the $100k mark. However, several commentators have warned against lingering risks. In the last seven days, Bitcoin whales transferred 17000 BTC from centralized exchanges to other custodians. As widely noted, this signals surging bull sentiments pointing to longer-term holdings. The large asset movement was also followed by a series of huge institutional buys reshaping the wider market. Data shows a bullish reaction from Binance whales in the last two weeks following the much-needed White House tariff lifeline. These whales correctly backed a price surge below $80k to present levels. At the time of writing, Bitcoin’s price jumped 12.3% within one week, showing strong momentum. Crypto trader Ali Martinez also noted that the digital asset leader is currently testing the yearly open above $93,500. Furthermore, the new trading volume on Binance hit a 30-day high above $62 million, highlighting fresh buying pressure. Analyst Crypto Dan cited important whale movements on the exchange, projecting positive whale movements. “ Recently, most people had shifted their view to a bearish cycle, and public interest had significantly decreased. Furthermore, with Bitcoin and altcoins in an oversold condition, the market has effectively shaken off the retail investors which means the market is now ready for a rise. I have been continuously highlighting this point through my analysis. The cryptocurrency market in 2025 is still expected to show positive movements.” Massive Rally Ahead? After the massive rally in crypto prices this week, traders speculate a wider upward movement close to peak levels earlier this year. This remains dicey as the bull confidence isn’t at those levels backing a fully-fledged altcoin season . At the moment, BTC’s price trades at $104,586, while the market cap has soared 5% to $2.07 trillion. Ethereum (ETH) is up 11% to $2,533, as traders are keen on the $2,000 level. XRP and Solana (SOL) are moving in a similar direction, clinching 9.2% and 8% inflows, respectively.

Source: ZyCrypto