Bitcoin Price Drops Back to $69,000 Today: Is a BTC Whale Making Moves?

Jakarta, Pintu News – Bitcoin (BTC) price has just crawled back up and managed to break the $70,000 level, so market sentiment is now looking a little lighter. However, data popping up on trading dashboards indicates that something interesting is taking shape behind the surface movement.

On the daily chart (10/3), buying pressure is slowly becoming more dominant. The buying volume is currently at around 84 million, quite far above the selling volume which is around 59 million. This imbalance may not seem like much at first glance, but in the crypto market, this kind of pattern often signals that buyers are gradually taking back control after a period of weakness. When momentum starts to shift like this, price movements can change quickly.

Then, how will the Bitcoin price move today?

Bitcoin Price Drops 0.75% in 24 Hours

On March 11, 2026, Bitcoin’s price was recorded at $69,728, equivalent to IDR 1,177,062,235, marking a 0.75% correction in the last 24 hours. During this period, BTC reached its lowest point at IDR 1,171,359,225 and peaked at IDR 1,210,307,558.

At the time of writing, Bitcoin’s market capitalization is approximately IDR 23,615 trillion, with a 5% increase in 24-hour trading volume, now at IDR 947.59 trillion.

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Bitcoin price regains important momentum

Technically, this recovery is significant. Bitcoin’s price chart shows the asset bouncing off its latest low, then stabilizing above the psychological threshold of $70,000. Momentum indicators are also yet to show an “overheating” signal.

The CMF currently stands at 0.04, signaling more capital flows into the asset than out. Generally, a positive CMF indicates an accumulation phase, leading to the notion that market participants are building positions gradually, rather than leaving the market in droves.

Furthermore, the RSI was recorded at 51.69. This figure is in the neutral zone and still far from the overbought area. This means that there is still room for price movement before the market starts displaying warning signals.

For those monitoring the BTC/USD pair, that combination-along with rising buying volume, capital flows remaining positive, and a neutral RSI-is often more consistent with a potential trend continuation than a sign of movement exhaustion.

Stablecoin Liquidity Begins to Take Shape

Additionally, stablecoin movement data on the TRON network shows a clear uptick in USDT transfers across various centralized exchanges, with the most notable spike in reserves occurring on Binance.

As of March 10, Binance’s USDT reserves increased to approximately $4.77 billion. This is the second major spike since February 8, 2026, when the reserves touched approximately $4.9 billion.

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In the context of crypto markets, stablecoin reserves are often viewed as liquidity “ammunition”. When market participants move large amounts of stablecoins to exchanges, it generally indicates capital is being prepared to enter the market.

Whale Moves as Retail Remains Indecisive

At the same time, other indicators provide interesting nuances. The Whale vs Retail Delta on Binance is still in the negative zone, which suggests that retail activity has not been able to keep up with large-capital participants. However, the data also shows more frequent high-value whale transactions, suggesting that large players are actively positioning.

This combination suggests whales tend to accumulate while retail remains cautious – a pattern that historically often precedes phases of higher volatility. Taken together with increased stablecoin liquidity and improving technical indicators, market conditions look increasingly poised for further movement.

For analysts who model Bitcoin price projections, the summary is relatively clear: liquidity is building, buyers are coming in, and momentum indicators are still in neutral territory. This means that the next move on Bitcoin price could potentially show another momentum boost.

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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 and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. Bitcoin Price Eyes Upside as Buy Volume Surges and Binance USDT Reserves Hit $4.77B. Accessed on March 11, 2026