Bitcoin Surges Past $90,000 Amid Rising Whale Deposits and Massive Exchange Outflows

Bitcoin has climbed above the $90,000 mark once again, even as market data reveals contrasting signals from whales and institutional players.

The latest figures from CryptoQuant show that large deposits to exchanges now account for 45% of all BTC inflows, with one day registering over 7,000 BTC in whale deposits. These movements mirror levels last seen in late October, sparking renewed concerns about sustained selling pressure among major investors.

At the time of reporting, Bitcoin trades at $91,382, marking a 3.12% increase in the past 24 hours. Despite the short-term rally, the world’s leading crypto asset remains 30% below its all-time high of $126,080 reached on October 6, 2025. The current rebound follows a significant correction last week that briefly pushed BTC down to $80,000, erasing most of the gains accumulated earlier in the year.

Adding to the mixed market signals, an unprecedented withdrawal of 1.8 million BTC from exchanges occurred overnight. This massive outflow has fueled speculation about institutional accumulation or strategic repositioning, creating uncertainty about whether whales are preparing to dump or hoard.

Historically, increasing inflows suggest that investors are gearing up to sell, while rising outflows tend to indicate accumulation and reduced selling pressure. The steady rise in large deposits transactions of 100 BTC or more suggests that whales may be restructuring portfolios or planning major liquidations. This trend has contributed to elevated volatility across the market. In the past 24 hours alone, over $337 million worth of leveraged trades were liquidated, wiping out more than 112,000 trading accounts.

Short traders took the hardest hit, with $233 million in liquidations, compared with $104 million from long positions. One of the largest single liquidations occurred on Hyperliquid, totaling $8.61 million in BTC-USD. Bitcoin and Ethereum accounted for the bulk of liquidations, recording $119 million and $73.34 million respectively—evidence of the heavy leverage traders continue to employ, despite sharp market fluctuations.

Analysts at CryptoQuant caution that continued selling pressure from large holders could trigger another downturn. If bulls maintain control, however, Bitcoin faces immediate resistance near the $91,500 level. Further resistance lies at $92,000, followed by $92,500. A decisive close above $92,500 could push the price to $93,750 and potentially toward $94,500. Additional hurdles for buyers stand at $95,000 and $95,500.

On the downside, failure to break above $92,000 may lead to renewed decline. Immediate support rests at $89,750, followed by stronger levels at $88,500 and $88,000. A deeper drop could drive BTC toward $86,500, with the primary support sitting at $85,000. A break below this threshold could accelerate losses in the near term.

As whales continue to shift massive amounts of Bitcoin, the market remains divided on whether the current rebound marks the beginning of renewed momentum—or the calm before another downturn.

Outlook

Bitcoin’s current position above $90,000 places the market at a critical juncture, with the next major move likely to be determined by whale behavior, exchange flows, and traders’ reaction to recent volatility. Although the price has recovered from last week’s sharp correction to $80,000, the rise in large deposits to exchanges suggests that selling pressure from major holders is still a significant concern.

Overall, the market remains highly sensitive to whale activity and leveraged trading positions. With institutional movements also playing a larger role, highlighted by the recent withdrawal of 1.8 million BTC from exchanges, Bitcoin is poised for heightened volatility. Whether the current rebound evolves into a sustained uptrend or gives way to another downturn will depend on how these competing forces unfold in the coming days.