$BTC

on-chain data indicates that retail investors have significantly reduced their Bitcoin holdings, potentially setting the stage for large holders or 'whales' to drive a new price surge. The discussion highlights that if Bitcoin approaches its $112K all-time high, it could trigger increased volatility and trading volume across related altcoins like Ethereum, XRP, and Solana (Source: Santiment, June 9, 2025). This environment provides active traders with key opportunities as whale accumulation typically precedes major price movements. Monitoring whale activity and retail sell-off metrics is critical for anticipating short-term crypto market direction.

As Bitcoin continues to dominate discussions in the crypto market, a recent tweet from Santiment on June 9, 2025, has sparked interest among traders by posing the question of whether this could be the week Bitcoin challenges its all-time high of $112,000. This speculation, discussed in a video featuring insights from ThinkingCrypto1, comes amid heightened market activity and shifting dynamics between retail and whale investors. The tweet suggests that retail sell-offs may have created room for whale portfolios to pump, potentially driving Bitcoin's price toward this critical resistance level. As of 10:00 AM UTC on June 9, 2025, Bitcoin is trading at approximately $108,500 on major exchanges like Binance, showing a 3.2% increase over the past 24 hours, with trading volume spiking to $42 billion across BTC/USDT and BTC/USD pairs, according to data from CoinMarketCap. This surge in volume indicates strong market interest, possibly fueled by whale accumulation. Meanwhile, other major cryptocurrencies like Ethereum, XRP, and Solana are also under the spotlight, with Ethereum trading at $3,850 (up 2.8% as of 11:00 AM UTC), XRP at $0.62 (up 1.9%), and Solana at $210 (up 4.1%), reflecting a broader altcoin rally that could support Bitcoin’s upward momentum.

REF: blockchain.com