🚨 Bitcoin Market Update: Whales Move $6.5B in BTC as Price Struggles at $110K

Breaking: Over 60,000 BTC ($6.5B) from 14-year dormant wallets just moved, signaling a major shift in holder behavior as institutional demand surges.

📉 Market Snapshot (July 5):

BTC: $107,896 (-1.8%) – Facing rejection at $110K resistance

ETH: $2,513 (-3.8%)

SOL: $148 (-3%) | XRP: $2.20 (-3%)

Total liquidations: $187M (BTC led with $43M)

🐋 Whale Alert Highlights:

🔹 60,000 BTC moved in 6 batches (10K BTC each)
🔹 Single entity controls 80K+ BTC (per Lookonchain)
🔹 No exchange deposits yet – Possible OTC deal or institutional transfer

⚡ Institutional vs. Whale Dynamics:

✅ ETFs Absorbing Supply:

$602M inflows to Bitcoin ETFs (July 3)

$148M inflows to Ethereum ETFs
❌ Early Holders Selling: Dormant whales reducing exposure after 14+ years

🔮 What’s Next?

If whale BTC hits exchanges, expect short-term pressure

Institutional demand (4.8M BTC held) may counterbalance sales

Watch $110K BTC breakout for bullish confirmation

#Bitcoin #WhaleAlert #Crypto #ETFs #Trading