Bitcoin whale activity spikes as US CPI hints at cooling inflation

Bitcoin (BTC) is again capturing headlines as it edges closer to its all-time high, driven by bullish whale behaviour and encouraging macroeconomic indicators. Currently trading at around $107,865, the cryptocurrency briefly crossed the $110,000 mark following the release of softer-than-expected US inflation data, reigniting investor optimism and hinting at a potential breakout in the coming weeks. At the heart of this momentum is the behaviour of large BTC holders, whose recent actions suggest growing confidence in further upside rather than an imminent market top. Whales holding tight as prices approach record highs Despite sitting just 2.82% below its record high of over $111,000, Bitcoin on-chain data reveals that major holders, referred to as whales, are not rushing to cash out. According to on-chain analytics from CryptoQuant, these entities are showing restraint, with little evidence of the typical profit-taking activity that often accompanies peak market phases. Analyst Crypto Dan emphasised that whales appear to be waiting for a more euphoric market environment before initiating large-scale sell-offs, a behaviour consistent with previous bull market tops. CryptoQuant.com @cryptoquant_com · Follow Bitcoin – Near All-Time Highs but No Profit-Taking“Whales show no intention of taking profits at this price level and are likely to wait for higher prices, where significant market overheating and a bubble form, before making their moves.” – By @DanCoinInvestor 10:07 AM · Jun 11, 2025 262 Reply Copy link Read 33 replies Their reluctance to exit positions at these levels suggests they anticipate even higher valuations ahead, a sentiment that supports the idea of Bitcoin entering a more extended price discovery phase. Exchange inflows remain muted despite Bitcoin approaching its ATH Further reinforcing the bullish outlook, CryptoQuant analyst Darkfost highlighted subdued exchange inflows from whales, particularly on Binance, even as Bitcoin flirts with historic highs. CryptoQuant.com @cryptoquant_com · Follow A strong bullish signal from Binance whales!“Today, however, inflows are just around $3 billion and are continuing to decline, suggesting that these whales prefer to keep holding.” – By @Darkfost_Coc Full analysis ⤵️ cryptoquant.com/insights/quick… 4:23 PM · Jun 11, 2025 174 Reply Copy link Read 17 replies Historically, exchange inflows from large holders tend to spike when Bitcoin approaches or surpasses major resistance levels, often signalling a desire to take profits. However, current data tells a different story, with Binance inflows hovering around $3 billion, far below the $5.3 billion observed in early 2024 and even further from peaks of $8.45 billion in past cycles. This declining trend in whale inflows strongly indicates that big players are choosing to hold rather than sell, pointing to continued belief in further upside. Such behaviour has significant implications, as whale activity often influences market liquidity and can foreshadow broader sentiment shifts among institutional investors. Cooling US inflation bolsters the bullish BTC momentum Adding to Bitcoin’s tailwinds is the latest Consumer Price Index (CPI) data, which signalled a deceleration in US inflation for May 2025. According to the released CPI data, the headline CPI rose just 0.1%, falling below the anticipated 0.2%, while the core CPI — excluding food and energy — also climbed only 0.1%, against forecasts of 0.3%. These figures not only reinforce the narrative of easing inflation but also increase the probability of interest rate cuts from the Federal Reserve later this year. According to the CME FedWatch Tool , market participants are now expecting two cuts in 2025, with the first likely arriving in September and another in December. Lower interest rates tend to favour risk-on assets like Bitcoin, and the crypto market has already started pricing in this shift with renewed bullish enthusiasm. Recent golden cross formation adds to the bullish BTC optimism From a technical standpoint, Bitcoin (BTC) is also flashing strong bullish technical signals, with a golden cross forming on the weekly chart. This pattern, where the 50-day moving average has crossed above the 200-day moving average, is often viewed as a reliable indicator of sustained upward momentum. Bitcoin price chart showing golden cross | Source: TradingView In addition, according to analysts like Jelle, Bitcoin is primed for a lift-off after the recent breakout and the current retest. Jelle @CryptoJelleNL · Follow Breakout. ✔️Retest. ✔️Liftoff. ⌛️ #Bitcoin 10:07 AM · Jun 12, 2025 233 Reply Copy link Read 19 replies All eyes are on the Bank of Japan (BOJ) meeting next week, which is expected to take place just days before the US FOMC meeting. According to Arthur Hayes, the co-founder of BitMEX, if the BOJ delays QT and restarts selected QE at its June meeting, risk assets like Bitcoin (BTC) are going to fly. Arthur Hayes @CryptoHayes · Follow I don’t think ordinary Japanese plebes would agree. If the BOJ delays QT, and restarts selected QE at its June meeting risk assets are going to fly. LFG $BTC 9:39 AM · Jun 10, 2025 62 Reply Copy link Read 15 replies So, what should BTC holders expect? The convergence of cooling inflation, dovish central bank expectations, and resolute whale behaviour is creating a potent mix for Bitcoin’s next potential surge. With retail exuberance still largely absent and the market showing signs of healthy consolidation, Bitcoin may yet have considerable room to climb. As whales hold steady and macro conditions improve, the stage appears set for the cryptocurrency to test, and possibly surpass, its all-time high in the near term. The post Bitcoin whale activity spikes as US CPI hints at cooling inflation appeared first on Invezz

Source: Invezz