Bitcoin Has Bounced Back From Its Earlier Correction

Bitcoin has bounced back from its earlier correction, surging past $85,000 following President Trump's 90-day tariff pause

Bitcoin (BTC) has encountered a setback in its recent rally, with prices pulling back from earlier highs above $85,000. The rebound followed a period of market concern, which was soothed by President Trump’s 90-day tariff pause on all countries except China. The move has also reignited some bullish momentum, which was waning amid the recent pullback.

While retail investors and algos are showing activity, there’s an unusual lack of activity from Bitcoin whales, especially on Binance. On-chain metrics suggest that these large holders are neither selling in droves nor accumulating in force. The question now is whether their restraint signals confidence, caution, or a setup for a bigger market move ahead.

Chart: TradingView

New analysis from CryptoQuant shows that Binance whales are keeping a low profile. The Exchange Whale Ratio (EWR), which tracks the proportion of large inflows compared to total exchange inflows, reveals a mixed picture. In the long term, the 365-day moving average is rising, suggesting that whales have been more influential over time. However, in the short term, the 30-day trend is falling. This drop points to a pause in active trading or distribution.

The Whale-to-Exchange Flow metric also supports this, showing a notable $3 billion decline in whale inflows to Binance over the last month. This pattern matches behavior seen during market corrections in 2024, where whales held positions rather than selling into weakness. The current data implies that whales are observing, not panicking, possibly positioning for a more strategic entry or waiting for clearer macro signals.

Meanwhile, separate data highlights strong buy-side activity from retail and mid-size players. With Bitcoin whales on the sidelines and persistent buying strength visible, the market may be primed for a larger move once uncertainty clears. Let’s take a look at Bitcoin price predictions to see how these developments impact the price of Bitcoin.

Bitcoin Price Prediction for April 15, 2025

The 1-hour chart of BTC/USDT displays consolidation just below the $86,000 resistance zone, with strong support near $83,000. The Bitcoin breakout recently bounced from deeper support levels around $75,000 and $79,000, climbing steadily to reclaim lost ground. However, momentum has slowed near resistance, resulting in sideways movement. The RSI stands at 51.72, reflecting neutral sentiment with no immediate overbought or oversold signals. Notably, prior overbought conditions around April 10 preceded minor corrections, while earlier oversold readings signaled upward rallies.

Chart 1: Analysed by vallijat007, published on TradingView, April 15, 2025

On April 11 and 13, the MACD displayed multiple death crosses, suggesting waning bullish momentum and the possibility of brief declines. The flat histogram indicates that there isn’t a clear trend direction. To validate fresh upward momentum, bulls would need to see a breakthrough over $86,000. On the other hand, a decline below $83,000 may lead to a test of lower supports. Although the structure of the Bitcoin breakout is still positive overall, with higher lows, prudence is advised as the market tests a significant resistance level with waning momentum.

Market Eyes Whales as Key to Next BTC Move

Bitcoin’s recovery has sparked renewed optimism, but a key missing piece is the behavior of Bitcoin whales. Large holders on Binance are unusually quiet, with data showing a pullback in inflows and reduced exchange activity. This pause suggests strategic patience rather than panic selling. If macro conditions stabilize and buying pressure from smaller players holds, whales may soon re-enter. Until then, the market is treading cautiously, waiting to see whether these quiet giants will confirm or disrupt the next bullish leg.