Bitcoin Volume Surges 25% and $470M Liquidated as Whale Outflows Reach 3.2%
Bitcoin fell 1.65% as trading volume surged 25% and $470 million of positions were liquidated in 24 hours. Whale outflows from exchanges rose to a 30-day average of 3.2%, indicating large holders accumulating ahead of a projected slow bleed toward the low $50Ks before a rebound.
1. Bitcoin Price and Trading Activity
Bitcoin dropped 1.65% as trading volume surged 25% and more than $470 million of positions were liquidated over 24 hours, reflecting heightened selling pressure and a brief dip before partial recovery later in the session.
2. Whale Accumulation Signals
On-chain metrics reveal that whale outflows from exchanges have climbed to a 30-day simple moving average of 3.2%, suggesting significant accumulation by large holders in patterns similar to early 2022 accumulation phases.
3. Forecast of Slow Bleed then Rebound
Market observers anticipate a gradual decline toward the low $50,000 range before a rebound materializes, citing historical parallels to the 2022 bear market structure and potential strong buying interest at those levels.