Bitcoin Sets New All-Time High as Whales Move $1.9B Into Exchanges || Daily News
Market shows strength but momentum cools; traders weigh if inflows signal rotation or risk
🪙 Crypto Market Overview
Bitcoin has made fresh all-time highs across major exchanges, with Ethereum (ETH) and other large-cap altcoins finally showing renewed strength after weeks of lagging behind.
On-chain data revealed that whales moved nearly $1.9 billion into exchanges since last week — a flow pattern that could represent either profit-taking preparation or strategic repositioning amid record prices.
Meanwhile, billionaire Paul Tudor Jones told CNBC that financial markets remain far from bubble conditions, arguing that persistent fiscal imbalances continue to favor risk-on assets such as Bitcoin and growth stocks. His comments echo the broader view that crypto may be entering the early stages of a multi-month expansion phase.
📊 Technical Picture
The market currently feels steady but tense. BTC continues to notch marginal new highs, but momentum has cooled compared to the post-election surge seen earlier this cycle.
From a structural standpoint, the ongoing move still aligns with Elliott Wave 3, implying there’s more upside ahead before a deeper correction. Ideally, a consolidation phase here would strengthen the base; a correction from 140,000 USD would be far healthier than one from current levels near 120,000 USD.
Bitcoin is also testing a multi-year trendline that has historically preceded significant pullbacks. The encouraging sign this time: the market is respecting the level without triggering heavy selling — a constructive signal for bulls.
🔀 Two Possible Paths
Controlled Continuation:
If BTC holds above 123,000 USD, the trendline test may simply become a consolidation before another push higher. The broader crypto market cap chart supports this scenario, suggesting a grind toward 4.7–4.8 trillion USD before any major correction.Short-Term Pullback:
Some indicators hint at a minor retracement to the 123,000–121,500 USD range, which would align with short-term exhaustion readings and overextended on-chain profit ratios.
🌐 Broader Market Context
The USDT dominance chart shows another head-and-shoulders breakdown, often a sign of continued capital rotation into crypto. If this pattern persists, the path of least resistance remains higher for risk assets.
Despite a few caution flags — such as whales pausing their accumulation and most traders being in profit — the overall setup still favors an upward bias.
Altcoins are also holding firm:
ETH maintains its trajectory toward 5,500 USD.
SOL remains one of the strongest performers, with potential to extend toward 270 USD if 235 USD holds as support.
🎯 Strategy Outlook
Short-Term (Days): Long bias. BTC likely to stay strong above 121K–123K, breakout extension possible if momentum resumes.
Medium-Term (Weeks): Uptrend intact; consider partial profits between 140K–160K.
Long-Term (Months): Cycle projection toward 230K remains valid unless 72K fails.
🧭 Strategy Notes
Whale inflows worth monitoring — could precede volatility.
Trendline test ongoing but not yet triggering major rejection.
Short-term corrections likely shallow given broad on-chain strength.
ETH and SOL leadership key to gauging risk appetite.
🔑 Key Takeaways
BTC sets new all-time highs, confirming ongoing uptrend
Whales move $1.9B to exchanges, possible repositioning
Multi-year trendline test underway; no major rejection yet
Crypto total market cap targets 4.7–4.8T USD
Altcoins firm, ETH eyes 5.5K and SOL targets 270 USD
🔔 Premium Signals 👉 Access premium signals
This newsletter is published daily on Substack.
Early issues are free — later editions will be subscriber-only.