The market sees continued uncertainty with a bearish selloff and high liquidations. New Bitcoin whales may exacerbate volatility. CEO Ki Young Ju shared data showing new whales entering the loss zone as BTC dropped from its ATH. The indicator can’t predict market moves but has influenced past price trends.

BTC hit $111,569 amidst high volatility expectations. US-based spot BTC ETFs saw a $326.4 million outflow, largely from GBTC, BITB, and FBTC, while IBIT saw a $60.4 million inflow. Last week, BTC-based investment products had a $2.71 billion net inflow, but spot Ethereum ETFs faced a $428.5 million outflow.

Binance experienced a $1.4 billion USDT inflow, boosting market momentum. However, the largest crypto exchange saw a net outflow of over 190 million USDT in the last 24 hours. Stablecoin outflows from exchanges signal fear, uncertainty, and doubt among market participants, leading to selloffs.

New Bitcoin whales are in the loss zone, signaling potential high volatility. CEO Young Ju’s data indicates past influence on BTC price movements. The market awaits further developments as uncertainty persists and whales navigate the volatile landscape.

Read more at Yahoo Finance: New Bitcoin Whales Are ‘Underwater’: Analyst Expects High Volatility