- Bitcoin whale inflows to Binance surged above 8,000 BTC, signaling heightened selling activity and market caution.
- Analysts say realized losses are rising, but full capitulation levels seen at past market bottoms have not emerged.
- Traders are watching U.S. retail sales, jobless claims, and the Fed meeting for volatility catalysts this week.
Bitcoin is facing renewed selling pressure as large holders increase exchange transfers and analysts track signs of market stress. According to analysts Doctor Profit and Darkfost, recent price weakness has coincided with rising whale activity, growing realized losses among holders, and expectations of continued volatility ahead of key U.S. economic events this week.
Whale Activity Accelerates Below $60K
According to Darkfost, Bitcoin’s decline below $60,000 triggered a notable increase in whale activity on Binance. After reaching $82,700 in May, Bitcoin entered a correction that exceeded 28%.
As the decline deepened, large holders increased transfers to the exchange. Daily inflows surpassed 6,000 BTC several times. Notably, transfers exceeded 8,000 BTC during early June.
The trend also changed monthly averages. According to Darkfost, whales sent roughly 3,200 BTC daily over the past month. By comparison, average daily inflows stood near 1,200 BTC at the end of April.
The increase suggests many large investors raised selling activity, or at least prepared to sell. Darkfost added that macroeconomic and geopolitical uncertainty may be encouraging some participants to reduce exposure.
Doctor Profit Tracks Capitulation Signals
While whale activity remains elevated, Doctor Profit said he continues to focus on broader market structure. According to the analyst, short-term moves between current price ranges do not alter his longer-term outlook.
Instead, he is closely monitoring the Adjusted Spent Output Profit Ratio, or aSOPR. The metric measures whether Bitcoin holders move coins at a profit or loss.
Doctor Profit said holders who bought between $70,000 and all-time highs have started realizing losses. However, he noted that current losses have not yet reached the extreme levels seen near previous bear market bottoms.
He added that past cycles ended with a major capitulation event marked by intense realized losses. According to his analysis, that phase has not yet occurred.
Market Focus Turns To Economic Data
As analysts monitor on-chain activity, attention now turns to upcoming economic events. Doctor Profit highlighted the June 17 Federal Open Market Committee meeting as the week’s primary catalyst.
Additionally, retail sales data arrives on June 16, followed by initial jobless claims on June 18. According to the analyst, these events could increase volatility across both crypto and equity markets.
Meanwhile, Doctor Profit maintained his view that Bitcoin may continue fluctuating between roughly $58,000 and $68,000 in the near term as market participants react to incoming economic developments.
