The Bitcoin (BTC) price rebound is driven by significant whale purchases, with a risk of a pullback. ETF flows support a bullish trend, while predictions remain cautious.
Exchange Balances Fall as Whales Accumulate
Bitcoin's exchange supply has hit an 8-year low, indicating a strong trend toward self-custody. As Santiment reported, just 7.53% of Bitcoin remain on exchanges. Since March 11, whale wallets have absorbed over 129,000 BTC, equivalent to $11.2 billion at the current price of $87,500, according to Glassnode.
ETF Inflows Return with Bullish Momentum
Bitcoin's recovery began after ETF inflows resumed. Between February 10 and March 13, ETF flows were flat or negative, coinciding with a 17% BTC price decline. The return of institutional demand triggered a double-digit rally. OKX analysts noted that the recent decline may be a short 'mini bear market.'
Predictions Amid Volatility
While sentiment among retail traders is bullish, prediction markets remain conservative. According to Polymarket, most bets place BTC's 2025 high below $138,617. Kalshi forecasts a BTC high of $122,000 in 2025, slightly above its previous peak.
Current trends in whale behavior and ETF flows support a bullish outlook for Bitcoin, yet the risk of a pullback remains significant. Predictions for 2025 remain restrained, with technical analysts emphasizing key support zones for future price movements.
