Bitcoin’s recent move past $100K hasn’t gone unnoticed — especially by the whales. In the last 24 hours alone, a single transfer of 2,000 BTC (worth ~$206 million) was spotted heading to an unknown wallet, with no connection to exchanges. What does this mean, and should traders be paying attention?

Off-Exchange = Accumulation?

The destination of the transfer — a non-exchange wallet — is key. That suggests the funds were likely moved for long-term storage, not immediate selling. This aligns with a broader trend: BTC accumulation among large holders is on the rise.

Recent data shows wallets holding 1,000–10,000 BTC have reached a near-maximum accumulation score of 0.9. This typically indicates bullish intent — the kind of quiet stacking that often precedes major price moves.

Less Selling, More Holding

Another signal? Whales are not sending BTC to exchanges. Exchange outflows are growing, and netflow ratios have turned negative — a sign that large holders are withdrawing coins instead of preparing to sell them.

However, it’s not all bullish.

Retail Investors Cashing Out

While whales are accumulating, small holders are taking profits. Wallets with <$10 in BTC are selling heavily. Combined with neutral behavior from ultra-large whales, this could stall momentum in the short term.

So, we may see a sideways move between $100K and $105K — unless retail selling slows and big whales flip back to accumulation mode.

Key idea: If large holders stay in accumulation and retail pressure fades, BTC could break toward $108K and beyond. Watching whale flows could offer early clues for entry.

This article is for informational purposes only and does not constitute investment advice.