Bitcoin Surges 183.45% in Whale Transactions, Nears $100K

Bitcoin is edging closer to the $100,000 mark, driven by significant whale activity and sustained exchange outflows. Large-value Bitcoin transactions have surged, with transfers above $10 million increasing by 183.45% and those between $1 million and $10 million rising by 82.26%. This indicates a resurgence of institutional interest, which typically correlates with major market movements. Additionally, transaction activity in the $100K–$1M and $10K–$100K ranges has also grown, further supporting Bitcoin’s climb toward six figures.

Exchange flows continue to support Bitcoin’s bullish momentum. At the time of reporting, Bitcoin saw $603.07 million in outflows compared to $435.99 million in inflows, resulting in a net outflow of around $167 million. Historically, sustained outflows have been associated with accumulation trends, reducing immediate sell pressure on exchanges. This persistent drainage of liquidity from trading platforms suggests that investors prefer holding, adding another layer of support to Bitcoin’s resilience near the $95K level.

Despite these bullish signals, there are cautionary indicators. Bitcoin’s MVRV Long/Short Difference has dropped sharply to 1.73%, indicating that few short-term holders are sitting on large profits, which is typically a bullish condition that limits heavy profit-taking. However, the NVT ratio has skyrocketed to 598.28, suggesting that the network’s value is growing much faster than its transaction volume. This overheated NVT ratio raises concerns that Bitcoin’s valuation could be outpacing its actual network usage, warranting caution.

Liquidation clusters also pose a risk. The Binance BTC/USDT liquidation map shows critical risk zones emerging below Bitcoin’s current price. Between $90,000 and $93,000, a dense cluster of high-leverage long positions sits vulnerable to liquidation if prices dip. Conversely, above the $95,000 region, cumulative short liquidations begin to build aggressively, especially around $97,000 and higher. If Bitcoin maintains strength and pushes higher, it could trigger a short squeeze, accelerating upside momentum. However, a slip below $93K would risk unleashing a cascade of long liquidations.

In summary, Bitcoin’s rally is supported by whale accumulation, healthy supply dynamics, and sustained exchange outflows. However, network activity signals and a fragile liquidation landscape suggest that caution is warranted. If Bitcoin can defend the $94K–$95K region and avoid major long liquidations, the stage remains set for a potential explosive push beyond $100K.