Strategy-linked wallets moved 1,030 BTC worth $66.14 million across the blockchain. It's the kind of transaction that sparks defensive talk among traders, though the company has shuffled coins between addresses dozens of times without actually selling.
What caught everyone's attention this time was the timing. Within hours of that transfer, a freshly created wallet deposited 2.44 million USDC into Hyperliquid and opened a 40x leveraged short on Bitcoin worth roughly $102.6 million. The liquidation price sat at $64,888.97, uncomfortably close to where Bitcoin was trading. Two big moves in quick succession meant the bearish whispers got louder.
Whales flood Binance as spot flows turn positive
Large holders ramped up their exchange activity on Binance. The Whale Inflow Ratio climbed to 0.52, its highest in four months, meaning whales accounted for a bigger chunk of new deposits than retail traders. History shows these spikes can appear near market tops or capitulation phases, so the signal depends entirely on what price does next. Higher whale presence on exchanges typically increases selling pressure because more coins are instantly tradeable.
The broader spot flow picture stayed balanced despite whale activity. Daily Spot Netflow recorded a positive $21.10 million, meaning fresh Bitcoin flowed into exchanges rather than out. That's the opposite of what you'd expect if institutions were truly panicking.
Bulls holding ground but facing resistance
Bitcoin kept defending the $62,162 support while hovering near $64,137, stopping sellers from extending losses. Price action stayed trapped in a tight range below the $66,835 resistance, leaving bulls with another major hurdle to reclaim uptrend momentum. The RSI recovered to 50.98 after dipping below neutral, showing improving buying strength without overbought conditions. Buyers would need a decisive close above $66,835 to shift the narrative.
This article is informational only and does not constitute financial advice. Cryptocurrency markets are highly volatile and leveraged positions carry substantial liquidation risk.
