- Bitcoin price faces resistance at $90K; a drop below $85,217 could push it to $78,432.
- A 5,186 BTC ($310M) transfer to exchanges raises concerns of a sell-off.
- RSI trends up, MACD is bullish, and institutional demand supports long-term growth.
The Bitcoin price has risen 0.8% in the last 24 hours to trade at $87,153 as of 11:59 p.m. EST after a massive transfer of 5,186 BTC to exchanges was reported earlier today, raising fears of a potential price crash.
The crypto fear and greed index sits at 43 today after the price of BTC showed a remarkable 16% recovery from $76,598 to $88,761. Investors now wonder if this whale move will erase all the progress made in the past two weeks.
Bitcoin Price Wobbles As 5,186 BTC Hits Exchanges
On-chain data from Santiment revealed the significant movement of 5,186 BTC (~$310 million) sent to exchanges early March 25, 2025. The chart shows a spike in exchange inflows, a signal often interpreted as bearish since whales moving coins to exchanges typically indicate intent to sell.
Large whale transactions have previously triggered volatility, with a single transfer often amplifying market reactions. For instance, a similar 5,000 BTC move in August 2023 preceded a 7% dip within 48 hours.
The transfer comes at a pivotal moment for the Bitcoin price. BTC has been in a distribution phase after a meteoric rise to $109,396 in January 2025, struggling to maintain momentum above $92,000.
With BTC exchanging hands at $87,153, traders are now bracing for impact, questioning whether this whale activity could spark a 10% drop, pushing prices below the critical $78,500 mark.
Bitcoin Struggles to Break $89,000, Sparking Fears of Further Correction
Technically, the Bitcoin price chart looks precarious. BTC is trending downward, moving within a descending channel. The price recently tested the lower boundary and now attempts a breakout above the channel’s upper trendline.
The 50-day simple moving average (SMA) has been acting as a dynamic resistance around $90,000, while the 200-day SMA provides short-term support at $85,217. A break below this could accelerate selling pressure, potentially driving the price of BTC toward $78,432, a 10% drop from current prices.
The volume spikes that usually accompany whale transfers further fuel concerns, as large transactions (greater than 500 BTC) often cause stronger market reactions.
On the positive side, the Relative Strength Index (RSI) sits at 53.18, which is neutral but trending upwards, indicating growing buying pressure. The Moving Average Convergence/Divergence (MACD) sports a bullish crossover, signaling a potential bullish breakout on the horizon.
Further, data from the Coinglass Liquidation Map shows more cumulative long liquidation leverage positions ($8.17 billion) compared to shorts ($3.06 billion). This imbalance shows that bullish sentiment is dominating the market because traders anticipate further upside potential for Bitcoin.
What’s Next for Bitcoin Price?
Despite the bearish signals, there’s a case for resilience. Bitcoin’s fundamentals remain strong, with institutional adoption growing and the halving’s supply shock still in play. Whale Alert data indicates that not all large transfers lead to crashes—some whales accumulate during dips, as seen with a $200M BTC accumulation reported by Arkham Intelligence.
If buyers step in at $78,432, a rebound could target $92,000, where the next resistance lies. For now, the market is a tug-of-war between fear and opportunity. Will this whale’s move spark a 10% crash, or will Bitcoin defy the odds once again?
