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BTC Price Struggles Below Key Level as Bitcoin Whale Transfers Spike
The price of Bitcoin (BTC) has stalled below a critical resistance level, amidst a surge in whale transfers to exchanges. The recent stagnation near the second Alpha Price level suggests short-term caution for bulls.
As of July 18, 2025, BTC is trading at $117,670, having experienced a modest 24-hour drop of 0.73%. Over the past week, the price has slipped just 0.09%. Despite this lack of movement, trading volume remains elevated at over $56 billion, indicating active repositioning rather than calm accumulation.
The inability to break above the second Alpha Price level, currently set at around $123,370, is a concerning sign for short-term investors. According to data from Glassnode, large Bitcoin holders are accelerating their transfers to exchanges, with the 7-day moving average approaching 12,000 BTC. This surge in whale activity mirrors a previous pattern seen in early November 2024, which was often linked to distribution phases.
This recent increase in liquidity movement could indicate rising profit-taking or capital rotation among whales. Historically, large transfers to exchanges have been associated with increased sell-side pressure. The simultaneous stagnation near the critical resistance zone suggests that some large players are adjusting their positions.
While a short-term correction cannot be ruled out entirely, it appears that Bitcoin is stuck beneath its second Alpha Price level for now. A sustained breach of this barrier could potentially unlock the $140,000 range. Until then, sideways action or minor pullbacks may occur.
Traders will be closely monitoring exchange inflows to gauge the sentiment of large holders. Continued whale activity and increased selling pressure could weigh on the price. The current stalemate beneath resistance underscores the need for fresh momentum to propel BTC higher.
In conclusion, a combination of factors – including resistance stalling and whale transfer spikes – is likely to temper short-term enthusiasm among investors.
Source: blockonomi.com
