Bitcoin Nears $110K on Whale Accumulation and Massive Exchange Outflows

Published: 2025-07-04 08:17:02 |

Bitcoin briefly topped $110,000 and is now trading near $109,000, driven by significant whale accumulation and massive exchange outflows. CryptoQuant data shows whales and U.S. institutional wallets shifted from selling to buying since April, with over 10,000 BTC leaving exchanges on peak days and miners largely inactive in selling. Binance’s share of global spot volume jumped from 41% to 56%, while USDC and USDT balances on exchanges continue to decline, indicating idle capital poised for re-entry. These on-chain trends, combined with repositioning ahead of U.S. jobs data, signal a structural bullish shift that could propel Bitcoin above its all-time high.

Bullish

Significant whale accumulation and record exchange outflows indicate strong demand and reduced selling pressure. Declining USDC and USDT balances suggest idle capital waiting to enter Bitcoin. Coupled with Binance’s rising spot volume share and institutional repositioning ahead of U.S. jobs data, these on-chain signals point to a bullish short-term momentum and a long-term structural shift that could drive Bitcoin above its all-time high.