In the last 24 hours, approximately 12,907 BTC, valued at around $1.3 billion, was transferred from exchanges to private wallets, according to whale alerts. Over the past week, these crypto whales have amassed more than $8.3 billion in Bitcoin, which might indicate a potential recovery in the market. A recent analysis shows a new group of Bitcoin whales has increased their share from 2.5% to 5.6%, absorbing newly minted coins worth about $63 billion.
Despite Bitcoin's price fluctuating by only 0.66% recently, the real excitement lies in the actions of these large holders. The whale alert's account has reported 10 notable Bitcoin transfers as of June 5th, indicating significant moves to wallets from exchanges. The recent increase in whale activity suggests a buildup of positions, potentially leading to a positive shift in market sentiment as June progresses.
CryptoQuant analysis corroborates this trend, noting a fresh cohort of whales with coins averaging under six months old stacking at an increased rate. Experts suggest that the increased supply held by these newer whales hints at ongoing demand for Bitcoin. As of now, expectations for the price include a potential peak of $134,000 in June 2025, but should corrections occur, a support level may form around $95,000.
If the current positive sentiment continues, some analysts predict that Bitcoin could reach impressive heights. Coinpedia predicts a potential peak of $168,000 this year, with a long-term forecast suggesting Bitcoin could soar to $901,383 by 2030. The data will give investors insight into potential price movements to watch out for in the coming months.
Despite Bitcoin's price fluctuating by only 0.66% recently, the real excitement lies in the actions of these large holders. The whale alert's account has reported 10 notable Bitcoin transfers as of June 5th, indicating significant moves to wallets from exchanges. The recent increase in whale activity suggests a buildup of positions, potentially leading to a positive shift in market sentiment as June progresses.
CryptoQuant analysis corroborates this trend, noting a fresh cohort of whales with coins averaging under six months old stacking at an increased rate. Experts suggest that the increased supply held by these newer whales hints at ongoing demand for Bitcoin. As of now, expectations for the price include a potential peak of $134,000 in June 2025, but should corrections occur, a support level may form around $95,000.
If the current positive sentiment continues, some analysts predict that Bitcoin could reach impressive heights. Coinpedia predicts a potential peak of $168,000 this year, with a long-term forecast suggesting Bitcoin could soar to $901,383 by 2030. The data will give investors insight into potential price movements to watch out for in the coming months.
