- Bitcoin whales transfer $1.41 billion to exchanges, indicating profit-taking and volatility.
- Miners move $1.89 billion BTC to exchanges, the largest outflow since April.
- Bitcoin spot ETFs see $2.4 billion inflows, reflecting strong institutional demand.
The activity of the Bitcoin (BTC) miners and whales increased dramatically when the cryptocurrency set a new high. CryptoQuant and Glassnode stated that there was a massive increase in the amounts of exchange inflows. Also, inflows into spot BTC ETFs continued this week.
Bitcoin Inflows Create Market Volatility Concerns
Glassnode data indicate that the large Bitcoin holders are transferring their coins to crypto exchanges with extreme speed. The movement of the whale inflows is currently at $1.41 billion worth of BTC. It is given as a seven-day moving average and is the highest inflow in 2025. The most recent similar surge for this cryptocurrency was observed in November 2024 and led to a strong rally.
According to the chart by Glassnode, the number of transfers by whales has been steeply increasing since the beginning of July. When Bitcoin exceeded $110 thousand, additional BTC whales started to transfer BTC to exchanges. Though not on a par with last year’s high, these moves reflect the possibility of escalating profit-taking. It could also be rotation in capital among whales.
Such a stint of whale activity is an indicator that experienced investors have already started to recoup their gains. These actions occur at important price levels, and they may cause changes in the market. Whale sales do not necessarily trigger a market meltdown, but it is usually an indication of volatility in the market.
Source: Glassnode
Also Read | Bitcoin Risks Drop to $111K If $117K Support Breaks Amid Miner Selling Pressure
BTC Exchange Inflows by Miners and Whales Reach $3.3 Billion
In the meantime, there was also an inflow surge into exchanges by miners. According to the crypto exchange, $1.89 billion worth of BTC were moved by miners to exchanges. This is the largest outflow from miners since April. The peak occurred when Bitcoin reached a new all-time high, and this is what probably caused massive profit-taking.
According to the CryptoQuant chart, this activity carried out by miners occurred in a single sharp outflow. This suggests a well-planned move. It indicates the intention to sell. Almost all of the $1.89 billion BTC were transferred to exchanges and not into cold storage.
This level of movement leads to short-term adjustments or momentum change. The inflows have not caused Bitcoin to trade below the $110 000 mark. This implies that the selling pressure is being soaked in by demand. The BTC is being accumulated by funds or by institutional consumers.
Source: CryptoQuant
Bitcoin Faces Resistance Price Levels
A large inflow into exchanges increases short-term supply positions. In case of a decrease in demand, it might lead to a price drop or a sideways movement.
Both CryptoQuant and Glassnode suggest that there is a rotation of capital at present. Initial buyers are making profits, and the new capital keeps on pouring in. This is a serious juncture during the bull cycle.
In the meantime, Bitcoin spot ETFs continue to have a week of inflows. This week, institutional investors have already purchased about $2.4 billion worth of BTC. This is a continuation of a bullish pattern that already stretches to a period of seven consecutive weeks.
The inflows indicate that there is consistent demand from institutions. Glassnode information proves that this is one of the best runs since ETF approval.
Daily net flows are positive, and there is no significant redemption registered in this week yet. As short-term profit takers sell their BTC holdings, ETFs keep buying them. The present trend lends to the bullish push into the market.
Source: Glassnode
Also Read | Bitcoin Breakdown Could Send Price Back Toward $110K Very Soon
