$94.5M BTC Whale Transfer—Is Bitcoin Price Rebound Coming?

The crypto market was recently stirred following a whale transaction consisting of 1,220 BTC. BTC whale shifts 1,220 BTC off Kraken – Will this help price bounce? As the primary Ethereum smart contract executes, traders create an on-chain BTC-based decision on whether or not this move would positively impact the price.

This transaction was noted by the blockchain tracker Whale Alert on the 9th of April, recording the total value to be in excess of 94.5 million dollars. The Bitcoin in question was withdrawn from Kraken and, subsequently, sent to an undisclosed wallet. Transfers from exchanges to private wallets are considered bullish for the trading ecosystem, suggesting that the participants have the desire to hold on to the assets for an extended period rather than selling them off.

Moreno from CryptoQuant states, “In capitalism confidence is crucial and large outflows display an optimistic investor attitude and can significantly reduce selling activity in the near future”.

Whale Transfer Trends: Trading Indicator or Market Ambiguity?

Participation in the market with an emphasis on recent historical data can frequent and be treated like an oxygen tank. Further, the algorithmic instruction Bitcoin whale shifts 1,220 BTC off Kraken – Will this help price bounce? serves as an indicator to observe cross-sectional price volatility. In the past, substantial BTC exodus has always occasioned price surge.

IntoTheBlock reporting an increase in users shows that over 70% of bitcoin holders are currently profiting. Furthermore, the latest In/Out of the Money chart suggest that 73.53% of BTC addresses are in the positive, with only 24.56% being estimated as opting out.

This emphasizes less selling activity, which could help maintain critical psychological values such as a price level of $80,000.

Bitcoin Surge – But Challenges Remain Stubborn

​As of April 10, 2025, Bitcoin is trading at approximately $81,760, reflecting a 7.61% increase from the previous close. The cryptocurrency has experienced an intraday high of $83,424 and a low of $75,894. ​

Currently, Bitcoin’s price is approaching the $85,000 resistance level. Analysts suggest that surpassing this threshold could pave the way for a rally toward $95,000. Conversely, a dip below the $80,450 support level may intensify selling pressure, potentially leading to a decline toward $74,000.

Mamta said it best: “This is an extreme turning-point of sorts.” SynFutures CEO Rachel added, “Regaining $80,000 is critical to the direction regarding direction we’re looking to set bullish market sentiments.”

Opinion and Participation: Difficult Issues

Without whale movements, the entirety of the market would be cautiously put as stagnant. Net Unrealized Profit/Loss (NUPL) as tracked by CryptoQuant sits at 0.43 – a 0.98% lift in the last day. This indicates some measure of unrealized profit exists, but remains volatile emotionally.

Recent blockchain metrics objectives provide a contrasting insight:

– Active addresses went down by 8.78%

– Zero-balance addresses decreased by 14.16%

– New addresses increased by 1.22%

Although this indicates less user participation, the creation of new addresses suggests that new participants are entering the market.

Bitcoin Holders Remain Largely Profitable 

Over 70% of addresses being profitable indicates less panic selling at the moment. The majority of BTC holders likely purchased during market dips and are now waiting for prices to surge past established resistance levels to ensure amplified profits.

This makes the statement and interrogative—Bitcoin whale shifts 1,220 BTC off Kraken—Will this help price bounce?—important. If prices manage to stay above $75,000, the continued accumulation by whales could improve confidence.

Summing Up

Another significant bullish whisper echoes through the crypto market as 1,220 BTC worth USD 94 million was transferred from Kraken to a private wallet. Although short-term volatility persists, on-chain data shows most Bitcoin holders are in profit and are not in a hurry to sell, suggesting that this whale activity could be keeping a floor under prices. Market sentiment is tentatively positive as Bitcoin remains above $81,000 and approaches key resistance.

Frequently Answered Questions (FAQs)

What the 1,220 BTC whale transfer signifies

It signals long-term holding. The transfer is worth over $99.7M, so at ~$81,760, the transfer means less sell pressure, which is usually bullish.

Is this whale move going to lead to a price rebound?

Yes. Large outflows in the past often preceded price spikes. If sentiment remains, we could see this help BTC momentum.

Are most BTC holders now in profit?

Yes. At current levels, about 73.5% of wallets are in profit, indicating that selling pressure could be waning.

What impact does a Bitcoin whale transfer have on the market?

Transfers of this nature from exchanges like Kraken to personal wallets tend to imply holding for an extended duration, alleviating short-term selling pressure and supporting price growth.

Glossary

Whale: An individual or entity holding large amounts of cryptocurrency

In/Out of the Money: A metric indicating whether the existing holders are in profit (in the money) or loss (out of the money).

NUPL (Net Unrealised Profit/Loss): conveys whether on balance an investor is in profit or loss.

Support/Resistance: Major price levels where market participants’ interest in buying/selling are focused.

Descending Trendline: A downtrend indicator in technical analysis.

References

Whale Alert – Real-time blockchain tracker

CryptoQuant – On-chain metrics

TradingView – Bitcoin Price Charts

SynFutures CEO commentary – Rachel Lin Interview

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