Bitcoin risks drop toward $100K as ‘insider’ whale moves BTC to exchanges

💡 DMK Insight

A $588 million Bitcoin transfer to exchanges is raising alarms—here’s why you should care. When a whale makes such a significant move, it often signals potential selling pressure. Traders should be wary of the $100,000 support level; if breached, it could trigger a cascade of stop-loss orders and further declines. This transfer comes at a time when BTC is already facing volatility, and the broader market sentiment is shaky. Keep an eye on the daily trading volume and the behavior of retail investors in the coming days, as their reactions could amplify or mitigate the impact of this whale activity. On the flip side, if BTC manages to hold above $100,000, it could attract more buyers looking for a bargain, creating a potential bounce-back opportunity. Watch for resistance around $110,000; a break above that could signal renewed bullish momentum. For now, monitor the market closely as the next few days will be crucial for BTC’s trajectory.