Bitcoin is approaching record highs, is it time to buy?

Jakarta, Pintu News – Bitcoin is showing signs of recovery after a brief correction last week. Currently, the cryptocurrency is trading at $109,693, showing an increase of 0.4% in the last 24 hours. Despite the increase, the current price is still around 2% below the previous record high of over $111,000, which was recorded last month.

Bitcoin Whale Behavior Indicates Further Upside Potential

According to the latest analysis by Crypto Dan, a contributor at CryptoQuant, although Bitcoin (BTC) is near all-time highs, there is no visible profit-taking behavior that usually occurs at previous market peaks.

This shows that large holders or whales are not selling heavily, indicating that they expect the price increase to continue. And it emphasizes that these large holders are likely waiting for more pronounced market euphoria and higher valuations before initiating substantial selling activity. This pattern is often seen in the later stages of a bull market.

Read More: Algorand Transaction Surge: A Sign of ALGO Price Rise in June 2025?

Whale Activity on Exchanges Shows Similar Trends

Reinforcing the current sentiment, another analyst from CryptoQuant, Darkfost, highlighted a significant trend in whale behavior on Binance. Historical data shows that when Bitcoin (BTC) approaches or surpasses its record highs, there is usually a sharp surge in inflows to the exchange, driven by whales looking to take advantage.

However, this pattern looks different at the moment. Darkfost reports that the current inflow into Binance remains much lower, around $3 billion, and more importantly, shows a downward trend. This divergence from historical patterns suggests that whales are refraining from selling at current price levels.

Implications of Whale Behavior on the Market

This reduced activity from large holders suggests that they are anticipating higher prices in the future and are positioning themselves for potentially greater returns later in the cycle. This limitation from large holders is seen as an important signal, especially given the influence that whale movements can have on market liquidity and price action.

Conclusion

With whales currently refraining from heavy selling and market expectations still high, investors and market watchers may need to consider their long-term strategies. Understanding these dynamics could be key in making the right investment decisions in the volatile Bitcoin (BTC) market.

Also Read: Crypto Market Optimism: Can Optimism (OP) Break $0.72?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Bitcoin Nears All-Time High as Whale Behavior Suggests Further Upside. Accessed on June 12, 2025
• Featured Image: Generated by AI