TLDR
- Strategy-linked wallets moved 1,030 BTC worth $66.14 million between wallets
- A new wallet opened a $102.6 million leveraged short position on Bitcoin using Hyperliquid
- The Binance Whale Inflow Ratio climbed to 0.52, its highest level in four months
- Bitcoin is trading near $64,137 while defending support at $62,162
- Traders are watching liquidation zones near $65,000 and $63,800 for the next price move
Bitcoin traders are watching two events closely this week. Strategy moved more Bitcoin between wallets, and a new wallet opened a large short position on the price.
Both moves came as the wider market stayed uncertain about where Bitcoin heads next.
Strategy-linked wallets sent 1,030 Bitcoin worth about $66.14 million to another wallet. The company has made similar transfers before without selling any coins.
Still, the timing raised questions. Some traders wondered if large holders were becoming more cautious.
Around the same time, a new wallet deposited 2.44 million USDC into Hyperliquid, a crypto trading platform. That wallet then opened a 40x leveraged short on Bitcoin worth roughly $102.6 million.
The short position carries a liquidation price of $64,888.97. That level sits close to where Bitcoin is trading now, so small price swings could trigger a big change for that trade.
Whale Activity Rises on Binance
Large Bitcoin holders, often called whales, have increased their activity on Binance. The Binance Whale Inflow Ratio climbed to 0.52, the highest reading in four months.
This means whales made up a bigger share of coins flowing into the exchange compared with smaller traders. In the past, similar spikes have shown up both near market tops and during sharp price drops.
Because of this, the signal alone does not point to a clear direction. It depends on how price behaves in the days ahead.
Despite the rise in whale activity, overall exchange flows stayed fairly steady. The daily Spot Netflow was positive at $21.10 million, showing more Bitcoin moving onto exchanges than leaving them.
Bitcoin Price Holds Key Support
Bitcoin has traded near $64,137 this week. The coin continues to hold support at $62,162, which has kept the price from falling further.
Instead of a strong rebound, Bitcoin has moved sideways in a narrow range. The price has stayed below resistance at $66,835.
The Relative Strength Index, a tool traders use to gauge buying and selling pressure, rose back to 50.98. That level sits close to neutral, showing balanced momentum rather than a clear trend.
For buyers to gain more confidence, Bitcoin would likely need to close above $66,835. Without that, the price may keep bouncing between support and resistance.
Data from CoinGlass shows two zones where leveraged trades could be forced to close. One cluster sits near $65,000, and another is near $63,800.
If Bitcoin rises above $65,000, short sellers could be forced to buy back coins to close their positions. That kind of move can push the price higher fast.
If Bitcoin falls instead, it could reach the lower cluster near $63,800 and pressure traders who bet on higher prices. Both outcomes remain possible.
As of the latest data, Bitcoin remains stuck between these two pressure points. Traders are watching closely to see which side gives way first.
