{"id":18899,"date":"2026-07-27T14:57:45","date_gmt":"2026-07-27T09:57:45","guid":{"rendered":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=18899"},"modified":"2026-07-27T14:57:45","modified_gmt":"2026-07-27T09:57:45","slug":"bitcoin-supply-tightens-after-198m-whale-withdrawal-can-btc-reach-70k","status":"publish","type":"post","link":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=18899","title":{"rendered":"Bitcoin supply tightens after $198M whale withdrawal \u2013 Can BTC reach $70K?"},"content":{"rendered":"<p><script>\r\n  atOptions = {\r\n    'key' : '644b717812d811d6a1c1fc5b6ccd6fa6',\r\n    'format' : 'iframe',\r\n    'height' : 90,\r\n    'width' : 728,\r\n    'params' : {}\r\n  };\r\n<\/script>\r\n<script src=\"https:\/\/www.highperformanceformat.com\/644b717812d811d6a1c1fc5b6ccd6fa6\/invoke.js\"><\/script>\r\n<br \/>\n<\/p>\n<div>\n<!-- content --><\/p>\n<p><span>After nearly 3,080 Bitcoin [<span class=\"ticker\" href=\"https:\/\/cryptonews.net\/market-cap\/bitcoin\/\" target=\"_blank\">$BTC<\/span>] left Kraken, attention has shifted back to whale accumulation. The two<\/span><span> transfers included 1,265 <span class=\"ticker\" href=\"https:\/\/cryptonews.net\/market-cap\/bitcoin\/\" target=\"_blank\">$BTC<\/span><\/span><span> worth approximatel<\/span><span>y $81.3 million and 1,815 <span class=\"ticker\" href=\"https:\/\/cryptonews.net\/market-cap\/bitcoin\/\" target=\"_blank\">$BTC<\/span> <\/span><span>valued<\/span><span> at about $116.6 million, bringing the combined value close to $198 million. <\/span><\/p>\n<p><adv data-paragraph=\"1\"\/><\/p>\n<p><span>Rather than signaling imminent selling, the movements pointed toward coins leaving an exchange for unknown wallets. <\/span><span>Such a pattern often reflects long-term holding instead of immediate distribution. However<\/span><span>, the transfers arrived while Bitcoin traded within a well-defined recovery structure, making the timing especially notable. <\/span><\/p>\n<p><adv data-paragraph=\"2\"\/><\/p>\n<p><span>Investors also viewed the withdrawals alongside broader on-chain indicators instead of treating them as isolated events. <\/span><span>As a result, the latest whale activity reinforced the argument that large holders continued reducing readily available exchange supply despite recent market volatility.<\/span><\/p>\n<h2><b>Scarcity returns to Bitcoin\u2019s favor<\/b><\/h2>\n<p><span>Bitcoin\u2019s Stock-to-Flow Ratio strengthened considerably and reached 46.5K as of writing, posting a remarkable 350.01% increase over the previous 24 hours. <\/span><span>The sharp rise suggested that Bitcoin\u2019s scarcity profile improved after weakening in earlier sessions. <\/span><\/p>\n<p><span>Since the metric compares circulating supply against annual issuance, higher readings generally reflected tighter supply conditions. <\/span><span>This shift aligned well with the latest exchange withdrawals because both indicators pointed toward fewer coins remaining available for immediate selling. <\/span><\/p>\n<p><span>However, scarcity alone did not determine future price direction. Market participants still required sustained demand to capitalize on reduced supply. <\/span><span>Even so, the improvement suggested that Bitcoin\u2019s long-term supply dynamics remained supportive. <\/span><\/p>\n<p><span>Investors therefore gained another fundamental signal that complemented the growing accumulation narrative driven by large holders.<\/span><\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/cnews24.ru\/uploads\/5c6\/5c6afdd136b078fbe6dd38d9cc97a77e21dccee2.png\" size=\"1280x720\"\/><figcaption>Source: CryptoQuant<\/figcaption><\/figure>\n<h2><b>Miner behavior eased another source of supply<\/b><\/h2>\n<p><span>Bitcoin miners also reduced selling pressure during the latest trading session. At press time, t<\/span><span>he Miners\u2019 Position Index (MPI) dropped to -1.2389 after declining 128.44% over the previous day. <\/span><\/p>\n<p><span>Negative MPI readings historically indicated that miners sold fewer coins relative to their one-year average. <\/span><span>That behavior reduced another potential source of market supply after whale withdrawals already removed substantial holdings from exchanges. <\/span><\/p>\n<p><span>Instead of increasing distribution into strength, miners appeared to retain a larger share of newly mined Bitcoin. <\/span><span>Such positioning usually reflect greater confidence in future valuations rather than urgency to secure profits. <\/span><span>Nevertheless, miner activity represented only one part of Bitcoin\u2019s broader supply picture. <\/span><\/p>\n<p><span>However, reduced miner selling complemented improving scarcity metrics and strengthened the broader case that immediate selling pressure remained relatively contained.<\/span><\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/cnews24.ru\/uploads\/e53\/e53dadbb105761357b857405b1d64e0eff8afa7c.png\" size=\"1280x720\"\/><figcaption>Source: CryptoQuant<\/figcaption><\/figure>\n<h2><b>Can Bitcoin\u2019s channel support fuel another advance?<\/b><\/h2>\n<p><span>Bitcoin<\/span><span> traded near $64,368 after retreating toward the lower boundary of its ascending channel at the time of writing. <\/span><\/p>\n<p><span><span class=\"ticker\" href=\"https:\/\/cryptonews.net\/market-cap\/bitcoin\/\" target=\"_blank\">$BTC<\/span>\u2019s price respected support around $63,824, keeping the broader recovery structure intact despite the recent pullback. <\/span><span>Meanwhile, resistance remained established near $66,835, with another significant barrier positioned around $73,000. <\/span><\/p>\n<p><span>The Relative Strength Index (RSI) eased to 50.85, while its moving average stood at 53.66. Those readings showed cooling buying strength rather than aggressive bearish control. <\/span><span>The indicator stayed above the oversold region, suggesting sellers had not gained complete dominance. <\/span><\/p>\n<p><span>If buyers defended the channel support, Bitcoin could revisit $66,835 before attempting another move toward $70,000 and eventually $73,000. <\/span><span>However, losing $63,824 would likely expose the next major support around $60,000, shifting short-term sentiment back in favor of sellers.<\/span><\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/cnews24.ru\/uploads\/b70\/b70b49dcc6f3584a1feb234ae001fd317cc33761.png\" size=\"1280x805\"\/><figcaption>Source: TradingView<\/figcaption><\/figure>\n<p><span>Conclusively, the latest Kraken withdrawals, stronger Stock-to-Flow Ratio, and subdued miner selling all strengthened Bitcoin\u2019s supply outlook. <\/span><span>Although price cooled near channel support, the broader structure remained constructive. <\/span><\/p>\n<p><span>Moreover, current conditions suggest accumulation continues to outweigh distribution. Yet<\/span><span> the next decisive move would likely depend on whether buyers maintain control above the $63,824 support level.<\/span><\/p>\n<hr\/>\n<h2><b>Final Summary<\/b><\/h2>\n<ul>\n<li><i><span>Bitcoin whales removed nearly $198 million from Kraken, easing immediate exchange selling pressure.<\/span><\/i><\/li>\n<\/ul>\n<ul>\n<li><i><span><span class=\"ticker\" href=\"https:\/\/cryptonews.net\/market-cap\/bitcoin\/\" target=\"_blank\">$BTC<\/span> still holds ascending channel support while scarcity and miner activity favor stronger supply conditions.<\/span><\/i><\/li>\n<\/ul>\n<p><!-- end-content -->\n<\/div>\n<script async=\"async\" data-cfasync=\"false\" src=\"https:\/\/pl30214220.effectivecpmnetwork.com\/9ab3d4df8a7e1a6171e16ddbf732cc19\/invoke.js\"><\/script>\r\n<div id=\"container-9ab3d4df8a7e1a6171e16ddbf732cc19\"><\/div>\r\n\n","protected":false},"excerpt":{"rendered":"<p>After nearly 3,080 Bitcoin [$BTC] left Kraken, attention has shifted back to whale accumulation. The two transfers included 1,265 $BTC worth approximately $81.3 million and 1,815 $BTC valued at about $116.6 million, bringing the combined value close to $198 million. Rather than signaling imminent selling, the movements pointed toward coins leaving an exchange for unknown&#8230;<\/p>\n","protected":false},"author":1,"featured_media":18900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/cnews24.ru\/uploads\/e41\/e41d830ac31d26a59f91be13cdecc7133847ec2b.jpg","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-18899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-trending-viral-news"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/18899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18899"}],"version-history":[{"count":0,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/18899\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/media\/18900"}],"wp:attachment":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}