What’s Going On
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Whales (holding 1K–10K+ BTC) deposited over 50,000 BTC to exchanges in one day, triggering the largest inflow spike in weeks—potentially adding several billion dollars of selling pressure.
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The Short-Term Holder Spent Output Profit Ratio (SOPR) peaked at 1.05, meaning recent buyers are realizing profits—suggesting potential for a cooldown.
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Bitcoin slipped from a record-high near $123K down into the $117K–$120K range.
Why This Matters to You
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Whale-Driven Sell Pressure
Historically, similar large inflow clusters triggered 1–3% dips—so we should expect volatility in the short term. -
Retail Profit-Taking
Elevated SOPR (~1.05) indicates many retail traders are quitting early, elevating the risk of further drawdowns. -
Still Healthy Fundamentals
Despite the dip, institutional ETF inflows remain strong, and smaller whale inflows are decreasing—suggesting resilient medium-term support.
Key Price Zones to Watch
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Immediate support: $117,000–$118,000
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Stronger floor: $114,000–$115,000 (fills the CME futures gap)
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Upside resistance: $121,000–$123,000 (recent all-time highs)
Strategy Framework
| Scenario | Entry Zone | Stop-Loss | Target Range |
|---|---|---|---|
| Dip-buy on support | $117K–$118K | $114K | $121K → $123K |
| Breakout replay | Above $123K | $120K | $125K+ |
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Dip-buy near $117K if whale inflows subside and SOPR cools near 1.0
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Buy the breakout once Bitcoin reclaims $123K with volume
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Use tight stops to manage dependency on whale activity
Affiliate Tools for the Setup
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Trade on a low-cost, high-liquidity exchange: Binance
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Keep your BTC secure with a Ledger Nano X hardware wallet
Exclusive Internal Guides Just for This Topic
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Identifying Whale-Inflow Clusters in BTC Price Action – learn how to spot and react to large on-chain moves
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Using SOPR and Other On-Chain Metrics to Time Entries – decode profit-taking signals from the blockchain
Final Take
Whale-led inflows of over 50,000 BTC into exchanges, combined with high SOPR, suggest short-term selling pressure. The support range between $117K–$118K, and lower around $114K–$115K, will be key for dip-buyers. A breakout back above $123K could set the stage for a renewed upward leg. Position smartly, use disciplined risk management, and keep an eye on on-chain sentiment trends.
Ready to act or buffer your BTC?
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Trade via Binance
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Secure your holdings with Ledger Nano X
This is not financial advice. Always do your own analysis and align trading with your risk appetite.