Coinbase in Focus as Bitcoin Nears $100K Amid Whale Activity and Bullish Sentiment

Bitcoin’s relentless march toward the $100,000 milestone has captured market attention, with Coinbase emerging as a focal point following a massive whale transaction. As of May 4, 2025, BTC trades at $97,857.55 (+1.12% daily), demonstrating remarkable resilience during pullbacks—a sign of strengthening conviction among institutional and long-term holders. The market buzz intensified when an unidentified whale moved 3,289 BTC (valued at $318 million) to Coinbase, triggering speculation about potential profit-taking near the psychologically critical six-figure threshold. This development coincides with MicroStrategy’s Michael Saylor doubling down on his $1 million per BTC price prediction, further fueling bullish sentiment. Analysts interpret the Coinbase transfer as a strategic move rather than panic selling, noting that such whale activity often precedes major price inflection points. The cryptocurrency’s ability to maintain upward momentum despite large-scale transactions underscores growing institutional participation and the maturation of market structures. With Bitcoin now less than 3% away from the $100K mark, all eyes remain on exchange flows and derivatives activity for signals about the next major move.

Bitcoin Nears $100K Amid Whale Moves and Saylor’s $1M Prediction

Bitcoin edges closer to the $100,000 mark, trading at $97,857.55 with a 1.12% daily gain. The cryptocurrency’s resilience during pullbacks signals growing confidence among long-term investors and institutional players.

A whale transferred 3,289 BTC—worth over $318 million—to Coinbase, sparking speculation of an impending selloff. Analysts suggest the move could indicate profit-taking NEAR the psychological $100K barrier. Coinbase’s institutional liquidity pool adds weight to the transaction’s significance.

Trading volume dipped slightly by 1.73% as market participants watch for potential volatility at the key resistance level.

XRP Whale Activity Signals Liquidity Shift Amid Volatility Concerns

Ripple’s XRP exhibited heightened volatility as a whale transferred 29.5 million tokens ($64.4M) to Coinbase, potentially signaling liquidity shifts. Such large-scale movements often precede market reactions—either sell-offs or accumulation phases—depending on whale intent.

Network metrics paint a bearish technical picture. Daily active addresses plunged to 12,941 while transaction counts fluctuated downward, reflecting dwindling user engagement. The spike in Ripple’s NVT Ratio further suggests overvaluation risks, leaving XRP vulnerable to corrective pressure.

Market participants appear to be in a holding pattern, awaiting fresh catalysts to break the current stagnation. The convergence of whale activity and weakening fundamentals creates a precarious equilibrium where sudden price movements could materialize with minimal warning.