Bitcoin Whale Nets $85.7M Profit—Will BTC Skyrocket or Crash Next?

A Bitcoin transfer worth $25.1 million to FalconX, by a dormant Bitcoin whale for 1.5 years, has made headlines after 300 Bitcoin transfers. Spot On Chain picked up on this development, which led to debates on the possible market influence of the whale. Originally, the whale spent around $39.5 million in aggregate on August 18, 2023, from Cumberland for $26,353 per Bitcoin, accumulating 1,500 BTC. The whale now has an estimated profit of $85.7 million, reflecting a 219% return given Bitcoin’s latest surge. This extensive transfer raises questions about how it might affect Bitcoin price trends and possible future movements.

Bitcoin Whale Accumulation and Its Market Impact

The recent transactions of the whale underline the constantly changing environment of asset management. The whale further relocated 1,050 BTC, worth $87.2 million, to two fresh wallets after a 300 Bitcoin transfer to FalconX at $83,707 per bitcoin. The remaining 150 BTC, with a value of about $12.5 million, remains untouched in the first wallet.

This exercise drives the question of how much Bitcoin value trends depend on whale movements. Since they sometimes show signs of possible purchasing or selling pressure, big transactions usually provoke market speculation. Whether this Bitcoin whale’s behavior shows a general tendency among institutional investors or just a profit-reaping one, analysts are now carefully observing it.

Traders are also reviewing Bitcoin price forecasts since the cryptocurrency is eyeing to near its all-time peaks. Some hope for more increases; others think whale sales could cause short-term volatility. The next few days will show whether this significant transaction affects Bitcoin’s market direction or remains an isolated event in the more general cryptocurrency scene. Let’s take a look at the Bitcoin chart and analyze Bitcoin price prediction in the coming days.

Bitcoin Price Prediction: Resistance and Support Levels

Facing powerful resistance between $83,800 and $84,200, Bitcoin (BTC) is now trading around $83,503, but keeping support close to $82,600 to $83,000. Given that the price has tested these levels several times, they are vital for the next Bitcoin run. If support losses, Bitcoin could fall toward $82,400 or beyond, while a breakout above resistance might drive it toward $85,000.

Chart 1: Analysed by vallijat007, published on TradingView, March 17, 2025

Recent price activity reveals Bitcoin trading within a small range, trying to rise above resistance but meeting sellers. Buyers are defending important support areas while sellers exploit resistance levels; the market sentiment basically varies. If BTC does not break higher, a pullback could follow, further strengthening before the next big development.

Before turning, the RSI had recently gone overbought, which indicates diminished buyer demand. The MACD has, on the other hand, oscillated between bullish and bearish signs, with a Golden Cross underpinning an upward movement and a Death Cross warning restraint. Given that Bitcoin still stands at a turning point, market players should keep close tabs on price movement. Whether BTC keeps its upward trend or goes into a consolidation period before the next big price move will depend on a clear breakout or a breakdown.

What to Expect Next?

Bitcoin’s latest whale migration has caused speculation. This trade calls attention to the power of major holders on Bitcoin price prediction. Strong resistance at $83,800–$84,200 and support at $82,600–$83,000 keep the market range-bound. Bitcoin’s capacity to surpass these levels will determine whether it keeps rising or undergoing a correction. Since whale activity regularly determines short-term volatility and long-term market direction, traders are closely watching for signs of more accumulation or selling pressure.