Bitcoin Whales Gobble 30K BTC in Single Feeding Frenzy—While Retail Traders Flee

Market movers just flexed their muscles again. While the little guys panic-sell, deep-pocketed investors shoved 30,000 Bitcoin onto their balance sheets in one savage accumulation spree.

Retail traders? They're exiting stage left—right as the whales trigger the next leg up. Classic case of 'buy when there's blood in the streets'... assuming you've got a few million liquid to burn.

Funny how the 'democratized' crypto markets still dance to the tune of a few oligarchs with cold wallets thicker than your mortgage. Decentralization in action, folks.

Whales stay ahead of sellers — This is how

The past 96 hours have seen massive bitcoin movement in the market.

Bitcoin whales bought 30,000 BTC—worth over $3 billion—at a time when institutional players were offloading.

Whales are addresses that hold significant liquidity, enabling them to buy or sell large amounts of an asset and influence its price.

Source: Santiment

Institutional traders sold roughly $1.25 billion in BTC during the past 72 hours, as seen in Exchange Netflow data.

This selling trend is notable, considering institutional investors collectively hold $129.62 billion in Bitcoin. Continued selling without offsetting whale purchases could significantly impact the asset’s price.

What are other market segments doing?

Moreover, the Futures market looked confident.

Analysts used Open Interest and Funding Rate to assess the futures market sentiment, which currently leans positive.

Open Interest, which measures the total number of unsettled derivatives contracts, continued to grow and stood at $71.28 billion at press time.

Source: CoinGlass

The Funding Rate, which indicates whether these unsettled contracts are mostly bullish or bearish, leant bullish as well.

At the time of writing, the Funding Rate remained positive at 0.0058%, a positive value, meaning long traders are paying a premium to maintain their positions.

In the spot market, this sentiment is mirrored, with $228 million in purchases recorded since the 2nd of June.

Source: CoinGlass

A continued rise in sentiment could further strengthen Bitcoin’s position.

Two-way bias on Bitcoin

Having said that, the Binance Liquidation Heatmap showed large liquidity pools at both $108,000 and $104,000, indicating that the asset could trend in either direction.

Liquidity clusters are price zones with large unfilled orders that the price often moves toward before continuing in a given direction.

Source: CoinGlass

For a more decisive market move, stronger sentiment must emerge on either side.

However, current sentiment still suggests that Bitcoin is likely to maintain its stance above the $100,000 level.