- Over 11,574 BTC has been withdrawn from crypto exchanges.
- Bitcoin exchange outflows has hit a 7-month high.
- Are whales preparing for a significant pump and is $116,000 the next pump target?
Over 11,574 BTC withdrawn from Bitcoin exchange as outflows have just hit a 7-month high by whales holding over 1,000 BTC on March 25. This occurs amid a time where Bitcoin (BTC) attempts to reclaim the $90,000 price target as BTC price struggles to break past $89,000 having retaken the $88,000 price target multiple times.
Over 11,574 BTC Withdraw From Bitcoin Exchanges
As we can see from the post above, over 11,574 BTC has been withdrawn from Bitcoin exchanges by whales holding over 1,000 BTC. Moreover, Bitcoin exchanges outflows have just hit a 7-month high indicating huge Bitcoin whale activity. Often when exchange supply continues to drop, asset demand increases.
This comes in line with many Bitcoin supply shock predictions made by many seasoned and reputed analysts. In particular, many predicted that a huge supply shock would come fro Bitcoin price leading to what they believe would be a trigger to BTC price setting much higher new ATHs to targets of $250,000 to $350,000.
To highlight, many analysts predicted much higher new ATHs for Bitcoin this bull cycle. However, the present market with its bearish moves, short pumps, and declining Bitcoin Dominance points to Bitcoin possibly having already hit its cycle top prices. One the one hand analysts have come to the conclusion that 4-year cycles are ending and BTC Dominance is falling only to give altcoins the chance to pump before Bitcoin start to change the way the cycle works.
Are Whales Accumulating for a Significant Pump?
While some expect BTC to shift to yearly stock cycles exhibiting constant pump and dumps or years long pumps, the fact still remains. What is Bitcoin’s next move? One hint is that if BTC is flowing out of crypto exchanges, what are the reasons? Often the one main cause is that holders waiting for a big pump soon and are accumulating now to reap the profits.
Bitcoin still looking set to absolutely rip higher
— JAVON…$BTC https://t.co/iVDEKXrTfm pic.twitter.com/OngODimmB6
MARKS (@JavonTM1) March 26, 2025
According to many analysts the likely story is that Bitcoin price will recover albeit after another brutal dip or otherwise. In fact, many reputed analysts are sharing a series of bullish signs for the BTC price chart. For instance, the analyst in the post above marks that Bitcoin is still looking set to absolutely shoot to higher prices, he says.
The same analyst has made many predictions for BTC price to pump further first by setting a new ATH at the $116,000 price target. Still adamant that BTC is working towards hitting this price, the analyst shares many bullish indicators from Bitcoin depicting a strong pump to these new levels.
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