Bitcoin (BTCUSD) Faces Bearish Outlook as Whale Activity Surges

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more


Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

BTCUSD faces a bearish outlook as whale activity surges. Recent data from CryptoQuant highlights a concerning trend for BTCUSD, pointing towards potential bearishness. The Exchange Whale Ratio, which measures the influence of large Bitcoin holders by comparing their deposits to total exchange inflows, has seen a significant uptick.

This metric suggests that major investors, known as whales, are increasingly moving their holdings to exchanges, potentially to sell. Such behavior typically indicates a growing selling pressure from these influential market participants. Historically, periods of high Exchange Whale Ratio have often preceded downturns in Bitcoin’s price, signaling a cautionary outlook for investors. Analysts are closely monitoring this trend, as it may indicate a shift towards bearish sentiment in the market for Bitcoin.

Key Bitcoin Levels To Watch – June 2

COINBASE:BTCUSD Chart Image by amiraoluwaseyifunmiThe BTC/USD chart shows a bearish trend forming. After hitting resistance around $73840, the price started declining and broke below the 9-day SMA at $67440. The MACD indicator confirms this bearish momentum with a crossover.
Immediate support at $65520 might hold temporarily, but a break below this level could lead to a drop towards $56500. If the bearish trend continues, the price may test significant support around $50510. Overall, the outlook is bearish with potential further declines.

BTCUSD Key Levels

Resistance Levels: $73840, $80000, $84000 
Support Levels: $65520, $56500, $50510

Bitcoin Metrics

Total Market Capitalization: $2.36T
Bitcoin Market Capitalization: $1.29T
Bitcoin Volume: $36.49B
Market Rank: #1

You can purchase Lucky Block here.  Buy LBLOCK

Note: is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *