- Bitcoin whale transfers are rising again, but prices remain strong as the Fear and Greed Index shows steady optimism at 66%.
- Big holders are taking profits, yet Bitcoin stays bullish with greed rising moderately and no signs of extreme market euphoria yet.
- With BTC above $100K and whale selling pressure growing, strong buyer demand continues to absorb supply and support the rally.
Bitcoin continues its rally above $100,000, but recent data shows rising whale activity and elevated market greed. The 30-day moving average of the Fear and Greed Index has returned to the optimism zone, currently sitting at 66%. This reading signals investor confidence, though it remains below extreme greed levels of 75–80% that marked market tops in March and December 2024.
Glassnode, however, notes a dramatic increase in Bitcoin whale transfers to exchanges. Among the largest volumes this year, the 7-day average is getting close to 12,000 Bitcoin. This rise may be a sign that large holders are moving their money around or making money. Bitcoin’s strong upward trend, however, continues, indicating strong market demand.
Greed Grows, But Room Remains
The Fear and Greed Index tracks emotions in the crypto market, where low readings indicate fear and high ones show greed. Historically, extreme fear has signaled market bottoms, while excessive greed has preceded sharp corrections.
Source: Glassnode
Currently, the 66% reading sits comfortably in the greed zone. However, it remains under the cautionary thresholds seen during previous local peaks. Hence, bulls still have space to push the price higher without facing immediate overbought conditions.
Moreover, the index’s 80th percentile rank shows current sentiment is historically high, yet not overheated. This suggests optimism, not euphoria.
Whale Activity Signals Smart Profit-Taking
The data from Glassnode shows how whale behavior corresponds with the main price cycles of Bitcoin. Whale-to-exchange movements soared to 16,000 BTC in late 2024, when Bitcoin surpassed $100,000.
Source: Glassnode
That pattern repeated in March 2025 and again now in July, as Bitcoin flirts with $120,000. These transfers often indicate potential selling pressure. However, Bitcoin’s rise shows strong buying interest from retail and institutional investors.
Additionally, current whale flows near 12,000 BTC daily remain below last year’s peak. This balance between profit-taking and market absorption supports a healthy uptrend.
