Whale sells 12,000 BTC in a single day! Bitcoin volatility soars, can the $60,000 support hold?

BTC3,88%

February 13 News: After months of sideways trading, Bitcoin’s price volatility has significantly accelerated, and the market has entered a high-risk zone. On-chain data shows that between February 5 and 6, Bitcoin first dropped 14.3%, then quickly rebounded 12.2%, forming intense fluctuations in a short period, with both longs and shorts experiencing large-scale liquidations.

Statistics from Alphractal indicate that 30-day and 180-day volatility have risen simultaneously. Such situations often occur after a prolonged period of low volatility, suggesting that the market may be shifting from “consolidation” to “rapid directional movement.” For high-leverage traders, this back-and-forth price action greatly increases liquidation risk.

Even more concerning is the movement of whale funds. On-chain data tracking large addresses shows that when Bitcoin fell from $95,000 to around $60,000, the inflow of BTC to exchanges significantly increased. The average monthly inflow rose from about 1,000 BTC to nearly 3,000 BTC, with approximately 12,000 BTC transferred into exchanges on February 6 alone. Since early February, seven days have seen daily inflows exceeding 5,000 BTC, a frequency rarely seen in history.

This concentrated inflow often accompanies stage tops or panic selling. Currently, the selling pressure signals outweigh accumulation signs, indicating that the short-term funding environment remains tight. Technical analysis also shows pressure, with Bitcoin trading well below the 20-day moving average (around $77,000), with only limited rebounds around the $60,000 level in recent days.

Momentum indicators show that the downtrend has not yet reversed, with RSI remaining below 40 and the DMI bearish line maintaining an advantage. Multiple signals combined suggest the market is still in a state of high volatility and high uncertainty. If buying momentum cannot sustain, the short-term trend may continue to face downward pressure.

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