- A Bitcoin whale moved $363 million while holding billions more, showing strong confidence as traders bet on higher prices ahead.
- Long traders now outnumber short traders by more than double, proving growing optimism in Bitcoin’s ongoing price rally.
- Whales are selling less even as Bitcoin climbs, suggesting stronger faith in long-term gains and reduced market selling pressure.
Large holders are making bold moves and traders show strong bullish confidence. According to Bitcoin Archive on X, a Bitcoin whale transferred 3,000 BTC worth $363 million to Hyperliquid, selling $39 million while still holding a massive $3.56 billion in Bitcoin. Coinglass data shows 35,703 long traders compared to 14,955 short traders, creating a ratio of 2.3874. Hence, the market currently holds a clear bullish tilt. Besides, this imbalance suggests most traders expect Bitcoin’s price to climb beyond recent highs.
Trader Sentiment and Market Behavior
The history of the trading ratio reveals a story of fluctuating confidence. It peaked at 2.40 by early February after starting close to 2.20 in late January and then declining a little.
Additionally, there were significant swings in the quantity of active traders, which peaked in mid-April and then leveled down throughout the middle of the year. Before progressively declining in August, the long-short ratio peaked in June at 2.47.
However, recent data shows that the ratio, which is currently at 2.38, is still favorable. Trader numbers and ratio variations still have a mixed relationship, suggesting that participation is not necessarily the only factor influencing sentiment strength.
Whale Activity and Market Dynamics
According to CryptoQuant data, the whale exchange ratio, which gauges the activity of huge holdings fluctuating. Through 2024, spikes had 0.60 indicating significant whale movement; by October 2025, the ratio had dropped to 0.44.
The decline happened as the price of Bitcoin rose to $122,200 suggesting that whales kept rather than selling. Reduced exchange activity therefore suggests less selling pressure and perhaps more confidence in higher price targets.
