Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»TRADING NEWS»Bitcoin price falls below $63,000 due to decline in whale trading
TRADING NEWS

Bitcoin price falls below $63,000 due to decline in whale trading

By Crypto FlexsJune 25, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin price falls below ,000 due to decline in whale trading
Share
Facebook Twitter LinkedIn Pinterest Email

Whale trade significantly reduced

Bitcoin recently experienced a notable price decline, falling below the $63,000 level. This decline is closely tied to a significant decline in large-scale Bitcoin transactions.

Santiment reports that over the past two days, transactions exceeding $100,000 have plummeted 42%, from 17,091 to 9,923. This decline in whale activity comes at a critical time, coinciding with a decline in the price of Bitcoin from $64,685 to $62,531.

Source: CoinMarketCap

market sentiment changes

Changes in whale behavior reflect broader changes in market sentiment. According to Ki-young Joo (1), CEO of CryptoQuant, whale traders on derivatives exchanges have adopted a risk-off attitude.

This bearish sentiment is evidenced by the Inter-Exchange Flow Pulse (IFP) turning red, indicating increased Bitcoin withdrawals from derivatives exchanges. These platforms are typically used for financial contracts based on Bitcoin’s future price, and withdrawal activity suggests a cautious outlook among large traders.

Source: Ki Young-ju – X Post
  • decline in whale trade: Transactions over $100,000 decreased by 42%
  • current price: Reduced from $64,685 to $62,531
  • emotional indicator: IFP turns to deficit, market warning signal

Cryptocurrency fear and greed index falls

The Crypto Fear and Greed Index, a tool used to measure overall market sentiment, also saw notable changes. It fell to 51 points, the ‘neutral’ score, the lowest in 51 days. This change in sentiment comes after Bitcoin initially fell below the critical $60,000 level. Additionally, spot Bitcoin exchange-traded funds (ETFs) have recorded outflows over the past six trading days, with the largest outflow of $226.2 million on June 13.

“Whale traders on derivatives exchanges are in risk-averse mode,” Youngjoo Ki said in an X post on June 23. This sentiment is further supported by the decline in IFP.

Various opinions on the future of Bitcoin

Despite the current bearish trend, some analysts remain optimistic about Bitcoin’s future. James Check, senior analyst at Glassnode, highlighted the Bitcoin sell-side risk ratio as a positive indicator.

  • Fear and Greed Index: It dropped to a ‘neutral’ score of 51 points.
  • ETF outflow: The largest outflow on June 13 was $226.2 million.
  • analyst insights: James Check sees the potential for market movements

He noted that the ratio has reached levels that suggest the market is ready to move. According to Check, “Any profits you would have received are gone. So are any losses.” He believes that Bitcoin “needs to find a new price range that can unleash fear, greed, panic and euphoria.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

IRANcoin Global Reserve (IRCOIN) launches to reshape global digital payments

October 18, 2025

AI and Bitcoin mining stocks soar after OpenAI closes multibillion-dollar chip deal with AMD

October 17, 2025

Will Solana price fall to $170 once it gets close to the important support level?

October 16, 2025
Add A Comment

Comments are closed.

Recent Posts

5 Best Crypto Flash Crash And Buy The Dip Crypto Bots (2025)

October 18, 2025

Billionaire Tim Draper Leads $3.2M Seed Round For Ryder To Replace Seed Phrases With TapSafe Recovery

October 18, 2025

IRANcoin Global Reserve (IRCOIN) launches to reshape global digital payments

October 18, 2025

Fusaka Update – Information for Blob Users

October 18, 2025

6 Best AI Quant Bots To Use In 2025: Smarter Trading Starts Here

October 18, 2025

BTC RSI hits April low as Coinbase premium turns red.

October 18, 2025

The Great Inheritance and Crypto: What you need to know.

October 17, 2025

6 Best AI Quant Bots To Use In 2025: Smarter Trading Starts Here

October 17, 2025

AI and Bitcoin mining stocks soar after OpenAI closes multibillion-dollar chip deal with AMD

October 17, 2025

MEXC Celebrates ZEROBASE (ZBT) Listing With Airdrop+ Event Featuring 55,000 USDT Prize Pool

October 16, 2025

How MasterQuant’s AI Trading Bot Is Becoming Every Investor’s Favorite Trade Machine

October 16, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

5 Best Crypto Flash Crash And Buy The Dip Crypto Bots (2025)

October 18, 2025

Billionaire Tim Draper Leads $3.2M Seed Round For Ryder To Replace Seed Phrases With TapSafe Recovery

October 18, 2025

IRANcoin Global Reserve (IRCOIN) launches to reshape global digital payments

October 18, 2025
Most Popular

Ethereum price decline is steady: is a rebound happening?

January 13, 2025

Bitcoin price (BTC) falls to $67.3K as stocks fall

June 2, 2024

The U.S. Supreme Court’s overturning of the Chevron ruling is a victory for the cryptocurrency industry, sources told The Associated Press.

June 28, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.