The cryptocurrency market continues to face mounting pressure, with Bitcoin’s price showing signs of vulnerability. A key factor contributing to this decline is the diminished activity among Bitcoin whales—large-scale investors who play a pivotal role in maintaining market stability.

Recent data indicates a sharp reduction in whale activity. Over the past week, net inflows into whale wallets have dropped significantly, signaling a tendency to sell rather than accumulate. Metrics from IntoTheBlock show a 48% decline in transactions ranging from $100,000 to $1 million and a 50% drop in trades between $1 million and $10 million. This pullback suggests weakened confidence among high-value investors, reducing upward pressure on Bitcoin’s price.

Currently trading near $94,000, Bitcoin is hovering above a critical support level. Analysts warn that if whale inactivity persists, this support could break, leading to accelerated price declines. Market observers suggest that the lack of substantial whale reentry reflects uncertainty about Bitcoin’s short-term trajectory.

The coming days will be crucial in determining whether Bitcoin can stabilize or face further losses. Investors are advised to monitor whale activity and broader market trends closely as the situation unfolds.

Disclaimer: This article is for informational purposes only and should not be considered investment advice.