Whales Drive the BTC Market

🟤In recent months, major Bitcoin holders have been actively transferring coins to Binance, signaling potential price movements. In March alone, whales sent $6.64 billion worth of BTC to exchanges, peaking on March 2 during heightened market volatility.

🟤Bitcoin briefly dipped below $80K twice, but large players prevented a deeper crash by taking profits and re-entering the market. Whales now account for 50% of exchange deposits, significantly impacting volatility.

🟤Despite the BTC inflows to exchanges, overall Bitcoin supply remains tight, with exchange reserves dropping to a historic low of 2.5M BTC. In the short term, Bitcoin is expected to fluctuate between $80K and $100K, creating new opportunities for whale-driven market moves.