Bitcoin (BTC) Whales Are On Course to a Full Recovery, Driving Market Sentiments to New Highs

Over the past week, centralized digital asset exchanges have seen massive whale outflows signaling another wave of price momentum.

Crypto whales are continuing to a full recovery, driving market sentiments to new highs not recorded since January.

Over the past week, data from Glassnode shows that centralized digital asset exchanges have seen massive whale outflows. This signals another wave of price momentum, especially with strengthened institutional demand in Bitcoin (BTC) and altcoins.

On-chain data shows a spike in trader sentiment as long-term holders move assets. Several technical indicators also show that the apex coin is poised to reclaim the $100k mark, though several commentators have warned against lingering risks.

Bitcoin (BTC) is currently testing the yearly open above $93,500. According to crypto trader Ali Martinez, the coin could see a strong bounce if this level holds.

"It's interesting to note that the last time Bitcoin closed a full year, which was in 2021, it saw a strong bounce off this level, rallying to new all-time highs shortly after. A similar scenario might be unfolding now as traders display strong buying interest in pushing the price up further."

Bitcoin Rallties as Whales Unwind

In the last seven days, there were outflows of 17,000 BTC from centralized exchanges to other custodians. As widely noted, this signals surging bull sentiments putting more traders in mind of longer-term holdings. The large asset movement was also followed by a series of huge institutional buys reshaping the wider market.

Data shows a bullish reaction from Binance whales in the last two weeks following the much-needed White House tariff lifeline. These whales correctly backed a price surge below $80k to present levels. At the time of writing, Bitcoin's price jumped 12.3% within one week, showing strong momentum.

"Recently, most people had shifted their view to a bearish cycle, and public interest had significantly decreased.

"Furthermore, with Bitcoin and altcoins in an oversold condition, the market has effectively shaken off the retail investors which means the market is now ready for a rise. I have been continuously highlighting this point through my analysis. The cryptocurrency market in 2025 is still expected to show positive movements."

Massive Rally Ahead?

After the massive rally in crypto prices this week, traders are speculating a wider upward movement close to peak levels earlier this year. This remains dicey as the bull confidence isn't at those levels backing a fully-fledged altcoin season.

At the moment, BTC's price trades at $104,586, while the market cap has soared 5% to $2.07 trillion. Ethereum (ETH) is up 11% to $2,533, as traders are keen on the $2,000 level. XRP and Solana (SOL) are moving in a similar direction, clinching 9.2% and 8% inflows, respectively.