TLDR
- Bitcoin whales increased exchange transfers as Bitcoin crossed $78,000 during the latest rebound.
- On-chain data showed higher inflows from wallets holding between 100 and 1,000 BTC.
- The analyst reported that such elevated transfer activity had not appeared in several weeks.
- Bitcoin reached an intraday high of $78,120, a level last seen on February 6.
- Ethereum gained 6.3% to $2,447, while XRP rose 6.5% to $1.49.
Bitcoin price traded above $78,000 as large holders increased transfers to exchanges during the price rebound. On-chain data showed rising inflows from wallets holding at least 100 BTC. The activity surfaced as Ethereum and XRP also posted gains across the market.
Bitcoin Whales Shift 100+ BTC to Exchanges During Price Climb
Bitcoin whales moved large amounts of BTC to exchanges as the asset crossed $78,000. CryptoQuant analyst J. A. Maartunn reported higher inflows from wallets holding 100 BTC or more. He stated that the trend appeared on the Bitcoin Exchange Inflow for Spent Output Value Band across all exchanges. The chart showed stronger transfers from the 100 to 1,000 BTC cohort compared with larger holders.
He also observed activity from wallets holding 1,000 to 10,000 BTC. However, he said the 100 to 1,000 BTC group drove the larger spike. “Such selling activities have not been this strong in several weeks,” Maartunn said. He added that exchange transfers often increase available supply and can weigh on price momentum.
Data indicated that inflows rose as Bitcoin approached $78,120 during intraday trading. That level marked a price last seen on February 6. Although transfers to exchanges do not confirm immediate sales, they reflect positioning for potential profit-taking. The inflow pattern aligned with Bitcoin’s rapid move above $78,000.
Market data showed Bitcoin holding firm despite the increased exchange activity. Traders continued to push price action higher during the session. The asset maintained strength while whale transfers remained elevated. Price resilience followed a broader market rebound.
Ethereum and XRP Advance as Bitcoin Holds Above $78,000
Ethereum followed Bitcoin’s upward move and gained 6.3% to trade at $2,447. XRP also climbed 6.5% and reached $1.49 during the same period. The broader crypto market rose 4.9% over 24 hours and reached a $2.64 trillion valuation. Gains across major assets coincided with Bitcoin’s recovery above $78,000.
Bitcoin recorded an intraday high of $78,120 as buyers sustained momentum. The price level represented its strongest point since early February. Market participants tracked whale flows while price action remained firm. Exchange inflow data continued to show activity from large holders.
Maartunn reiterated that whale transfers increased during the rebound phase. He explained that the metric tracks the output value bands entering exchanges. The 100 to 1,000 BTC wallets displayed the highest transfer volume on the chart. Larger cohorts also moved funds, yet at a lower rate.
Bitcoin maintained its position above $78,000 at press time. Ethereum and XRP held their respective gains alongside the broader market recovery. On-chain data continued to reflect exchange inflows from large holders. The market capitalization remained at $2.64 trillion during the latest update.
