BTC en una hora sube un 0.98%: la redistribución de fondos de las ballenas y la compra de instituciones ETF impulsan conjuntamente el aumento del precio

2026-04-07 21:00 to 22:00 (UTC), the BTC price recorded a +0.98% increase within the hour; the price range was 69309.9 to 70214.9 USDT, and market volatility reached 1.31%. During this trading window, short-term fluctuations intensified, market attention increased markedly, spot trading volume expanded in parallel, and on-chain active addresses refreshed the highest level in nearly a month.

The primary driving force behind this abnormal move is that whale wallets transferred large amounts of funds to exchanges. Between 21:00 and 22:00, whale wallets made 46 transfers to exchanges; the total number of transfers out over the past 24 hours reached 1676. Exchange BTC balances showed a short-term net inflow, with an estimated net inflow of about 300 BTC per hour. Spot trading volume warmed up at the same time, and large sell orders triggered a rapid market response. Long-term holders (≥2 years) began realizing gains at higher levels; on-chain data shows their transfer rate hit the highest level within the past six months, releasing some profit-taking supply.

In addition, US spot ETFs continued to record more than $1.2 billion in net inflows over the week. Among them, an ETF under a leading platform attracted $650 million, and another mainstream institution attracted $290 million. Institutional buy orders offset selling pressure from whale distributions, causing the market supply-demand structure to move toward balance. No abnormal liquidations were observed in the derivatives market; the price anomaly was not a leveraged cascade reaction. The rise in the number of active addresses indicates improved fund liquidity. Multiple factors converged and amplified short-term volatility, including on-chain large transfers, an increase in spot trading volume, and ETF inflows that achieved supply-demand hedging.

What deserves vigilance is that whale wallets’ inflow to exchanges is at a near-90-day high. If, afterward, the ability of institutional buy orders to absorb weakens, the price may face the risk of a phase of adjustment. At the same time, closely monitor ETF fund flows, changes in exchange net inflows, and on-chain active address indicators to guard against the risk of sell-offs caused by large on-chain transfers. It is recommended to watch short-term price range volatility and key support levels dynamically to obtain more real-time market information.