27K Bitcoin outflow: High risk of adjustment!

* The large amount of Bitcoin withdrawal, increased transactions by whales, and the rise in active addresses indicate that volatility is escalating.

• The profits of strong holders and increasing open interest may lead to a significant correction before recovery.

Recently, over 27,000 Bitcoin (BTC) have left the derivatives exchanges, a historical pattern that often signals increased volatility and a sharp correction.

Heavy withdrawals often reflect the trend of selling spot, reducing leverage positions, or the general risk sentiment of investors.

Therefore, BTC is facing significant pressures, as similar withdrawals in previous cycles have preceded sharp declines during macroeconomic crises or after euphoric price increases.

Currently, Bitcoin is trading at 94,277.74 USD, down 0.50% in the last 24 hours.

As the market absorbs these movements, all attention turns to broader on-chain behavior and derivative sentiment to determine the next decisive move.

Whale transactions and active addresses indicate signs of new activity

Amidst the massive withdrawal, on-chain data shows a revival in the activities of whales and retail investors.

Transactions from 1 million USD to 10 million USD increased by over 50%, while transactions exceeding 10 million USD rose by 43%, indicating that big players are actively repositioning.

Moreover, the number of active addresses increased by over 24% in the past week, indicating stronger network interaction. While the increased activity may signal bullish sentiment, it often reflects volatile conditions during uncertain periods.

The current increase in whale trading and retail participation indicates a fragile and unpredictable market context.

Source: IntoTheBlock

This data shows the strong profits of BTC holders.

Although volatility is looming, Bitcoin holders are still making high profits. At the time of writing, 83.61% of addresses are 'In Profit,' while only 9.59% are underwater.

History shows that high profits often mitigate the market's decline during the initial crisis phase, providing traders a bit of breathing room.

However, high profit margins can create risks if fear spreads among retail holders, potentially leading to a rush to realize profits.

Although the strength of holders supports short-term stability, changes in sentiment can quickly amplify price volatility.

Source: IntoTheBlock

Increasing scarcity and rising open interest are creating volatility risks for BTC

Meanwhile, the Stock-to-Flow ratio of Bitcoin has increased by 50%, reinforcing the long-term scarcity narrative that often supports bullish market cycles. However, immediate price action rarely aligns with short-term scarcity indicators, which are uncertain.

At the same time, the open interest (OI) increased by 2.47% in 24 hours, indicating a strong positioning of traders. An increase in open interest often precedes major moves, especially when derivative reserves decrease and market liquidity tightens.

Therefore, Bitcoin is currently at a fragile crossroads, balancing between optimism about scarcity and increasing short-term volatility risks.

Source: CryptoQuant

The combination of a large amount of BTC withdrawn from derivatives, increased whale activity, strong profits for holders, and rising OI indicates that Bitcoin is facing a crucial volatility phase.

If historical trends repeat, a strong short-term correction may occur before any new upward momentum.

Investors and traders must prioritize risk management and prepare for rapidly changing market conditions. As volatility tightens, the next major move of Bitcoin appears to be imminent.

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