Bitcoin Price: Whales Buy The Dip, Large Transactions Jump 31.9% Overnight

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Bitcoin whales often jump in when the price drops. This time, they picked up coins after the BTC USD pair lost 0.69% in value, bringing its price to $103,767.12, and Bitcoins market cap hit $2.08 trillion.

Beyond the whale boost, daily active addresses also rose 7.17%.

Even with this interest, exchange outflows were negative at $6.70 million, showing that some traders decided to sell.

Market whales wanted more Bitcoin, while smaller holders were more cautious.

In a move that could also influence Bitcoin price, Trump Medias Trump Media & Technology Group (TMTG), operator of Truth Social, has taken new bullish steps.

The company recently filed SEC filings for a spot Bitcoin ETF and a combined Bitcoin and Ethereum ETF.

Price and M2 Global Money Supply Outlook

Some investors are linking Bitcoin whales actions to what is going on with the global money supply.

Currently, M2 money supply continues to grow, and BTC USD often tracks this.

Charts show Bitcoin price moving closely with M2 trends, with about a 10-week delay. Last time, this pushed the top digital currency past $105,926.

BTC Versus M2 Money Supply Chart | Source: X

Analysts say central banks injecting more money could help Bitcoin whales keep buying.

Some even point to lower interest rates and higher debt as reasons Bitcoin could rise. Notably, BTC USD whales bet that M2 growth will lift the price over time.

In line with this push, the renowned author of Rich Dad Poor Dad has once again revealed a new price target for Bitcoin.

We covered Robert Kiyosakis prediction that the price of Bitcoin will hit $1 million in the next five years.

Will BTC Price Fall Below $100,000？

The big concern is whether Bitcoin will slip below $100,000. This level has been challenging, especially after todays 0.69% drop.

The 31.9% spike in large transactions could offer support, but the visible exchange outflow is stirring unease.

Meanwhile, Expert views remain mixed. For example, CoinDCX projects a potential dip to $98,000 if Bitcoin price falls below $102,000, calling $100,000 crucial support.

Bitpanda Academy expects it to trade between $100,000 and $110,000. The analysts cited institutional backing while cautioning about macroeconomic risks.

Other market analysts warn that $100,000 could give way if geopolitical tensions worsen.

Even though whales have moved huge BTC funds over the past week, buying pressure might fade if M2 growth slows or tariffs tighten.

The next several days will be key in deciding whether the Bitcoin price stays above $100,000 or not