Bitcoin is holding a positive trend around $106,000, will a short-term drop interrupt the bullish dream?
MAIN CONTENT
Bitcoin Trading Above $100K Drops 50% in June, Shows Whales Are Being Cautious.
Bitcoin withdrawals from exchanges spiked 829%, indicating selling pressure and transfers to cold wallets.
Even though the market may correct, the Bitcoin accumulation trend of over $4.68 billion remains strong.
$100K+ Bitcoin Trading Drop in June: What Does It Mean?
Data from IntoTheBlock shows that the number of Bitcoin transactions above $100k dropped from 34,000 to 17,000, a decrease of nearly 50%. This reflects a change in strategy by whales, who may be reducing transactions or keeping the same amount of coins in their wallets.
Analyst Ali Martinez shared on Twitter that such a large drop in trading suggests that many whales are starting to lock up capital longer term or are more cautious with their selling moves.
The sharp drop in large trades suggests that Bitcoin whales are waiting for a better opportunity to make their next move in the market.
Ali Martinez, Crypto Analyst, 7/1/2025
What does the 829% increase in Bitcoin withdrawal rates from exchanges mean?
According to a report from CryptoQuant, the average amount of Bitcoin withdrawn from exchanges has increased by 829%, with a coefficient value of 3.7. This is a sign that there is strong pressure to sell or transfer coins to cold wallets.
Increased exchange outflows often signal the possibility that individual investors or whales are moving coins out of the trading market, preparing for long-term holding or switching to other assets.
Bitcoin withdrawal pressure from exchanges could be a short-term warning signal of a correction but also reinforces preparations for an upcoming recovery trend.
CryptoQuant, Bitcoin Market Analysis Report, June 30, 2025
Will Bitcoin Price Drop Sharply or Just a Temporary Correction?
The Puell Multiple, which identifies overbought and oversold conditions, is currently at 1.2 and falling, suggesting a further drop in Bitcoin prices towards support.
In particular, if this index moves towards the 0.4 zone, this is a signal that BTC is in an oversold state, creating a strong recovery opportunity based on previous cycles.
The NVT (Network Value to Transactions) index is currently stable at 31.4, showing a balance between buyers and sellers, helping the market maintain stability even when prices fluctuate.
This is a solid foundation for many investors to expect that the price decline may be a short-term correction, paving the way for the next uptrend.
Market Still Accumulating Bitcoin in Large Scale Even as Whales Remain Cautious
Despite the drop in large trading volumes and increased outflows, CoinGlass netflow data shows Bitcoin accumulation of up to $4.68 billion in recent weeks.
The strongest accumulation period falls in the week from June 9 to 16, when the amount of Bitcoin withdrawn from the exchange is transferred to personal wallets, reflecting investors' long-term holding strategy.
This accumulation trend is considered to help BTC withstand price corrections well, while affirming the potential strength of the cryptocurrency market in July.
Comparison table of key Bitcoin indicators June 2025
Index Value Significance Transactions > $100,000 Down from 34,000 to 17,000 transactions Whales reduce transactions, more cautious Bitcoin withdrawal rate from exchanges Up 829%, coefficient 3.7 Selling pressure and transfers to cold wallets increase sharply Puell Multiple 1.2, bearish trend Price may fall further before recovering NVT Ratio 31.4, stable Market balance, price stability Bitcoin accumulation $4.68 billion Long-term investors hold, consolidating the market
Frequently Asked Questions
How does the drop in large Bitcoin transactions affect the market?
The large drop in trading volume shows whales are cautious, which may reduce short-term volatility but not end the long-term uptrend.Why did the Bitcoin withdrawal rate from the exchange spike?
This usually shows that the investor is moving coins to a cold wallet for long-term storage or preparing for a selling strategy.What does the Puell Multiple say about Bitcoin price?
This indicator helps detect overbought/oversold zones. If it is low, it shows that Bitcoin is in the oversold zone and can bounce back.Will Bitcoin price drop sharply in the near future?
Data shows a potential short-term correction, but strong accumulation and balance indicators support a long-term recovery trend.Is Bitcoin Accumulation Strategy Effective?
Accumulating during the correction period helps protect capital and prepare for the next growth cycle, as recommended by many experts.
Source: https://tintucbitcoin.com/bitcoin-giam-dong-ca-voi-2-ly-do/
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