Bitcoin Whale Inflows Surge as Daily Flows Ease Near ATH
Bitcoin whale inflows to exchanges surged to a monthly average of $45 billion between July 14–18, up from $28 billion, reflecting profit-taking near the $123,000 all-time high. On-chain data shows the 7-day SMA of whale transfers is approaching 12,000 BTC, the highest this year. However, daily Bitcoin whale inflows have begun to ease, suggesting potential relief in selling pressure and a neutral near-term outlook. Bitcoin prices consolidated around $119,600 following the record peak. Macro factors—including US housing data, PMIs, and durable goods orders—are unlikely to sway high-risk assets this week, while the Fed is expected to hold rates steady on July 30. The broader crypto market cap remains near a $4 trillion peak, up over 17% year-to-date. Upcoming tech earnings and warnings from investors like Robert Kiyosaki about possible corrections if asset “bubbles” burst could influence market sentiment.
Neutral
The surge in Bitcoin whale inflows signals heightened profit-taking and potential sell pressure, but the recent easing of daily whale inflows, alongside a supportive macro backdrop—such as the Fed likely holding rates—and price consolidation near $119,600, points to a balanced near-term outlook. Traders should monitor whale flow trends and upcoming tech earnings, as sentiment swings could shape short-term volatility, while longer-term market resilience is underpinned by solid year-to-date gains and a high market capitalization.