# Bitcoin Whale Emerges as BTC Surges Past $103K Amid Market Volatility

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/insights/13871
Published: 2025-01-29T03:41:23.000Z
Updated: 2025-01-29T03:41:23.000Z
Section: Insights & Views

> A massive Bitcoin whale has surfaced after transferring 1,300 BTC ($133.7 million) to a new wallet, according to Whale Alert. Lookonchain also reported a fresh wallet withdrawal of 400 BTC ($41.2 million) from Binance…

A massive Bitcoin whale has surfaced after transferring 1,300 BTC ($133.7 million) to a new wallet, according to Whale Alert. Lookonchain also reported a fresh wallet withdrawal of 400 BTC ($41.2 million) from Binance. Large withdrawals from exchanges often signal accumulation, fueling bullish sentiment in the market.

Bitcoin surged to $103,368 on Tuesday, marking a 4.1% increase to $102,881 at press time. This recovery follows a market drop on Monday, triggered by concerns over China’s DeepSeek and AI investment overvaluation, leading to $1 billion in futures liquidations.

On-chain data from Glassnode indicates that new Bitcoin investors—those who acquired BTC in the last 24 hours to three months—hold 50.2% of total wealth. This is significantly lower than peaks seen during past cycle highs in 2018 (85%) and 2021 (74%), suggesting further room for growth.

Institutional interest remains strong, with CoinShares reporting $1.9 billion in digital asset inflows last week. Bitcoin led with $1.6 billion, bringing year-to-date inflows to $4.4 billion, accounting for 92% of total investments. However, ETF outflows were notable, with $442 million exiting Bitcoin and $99 million from Ethereum following Monday’s sell-off.

Despite short-term volatility, Bitcoin continues to capture global investor attention as its price trends upward.