The cryptocurrency market did not lose its momentum this week, and the post-US election rally remains remarkably strong. Much of the crypto bullish momentum this week was derived from the trading attitude of Bitcoin whales.

These are the largest wallets holding BTC, which have a huge influence on Bitcoin prices. Since Donald Trump won the election, trading between these whales has increased significantly, with much of the funds flowing from exchanges to accumulation addresses.

This paper, as usual, reviews the decisive moments in whale trading over the last 7 days. It also addresses the activity of the large Wall Street portfolios, mainly those investing in spot Bitcoin ETFs.

Bitcoin whales' behavior this week

As always, we have divided this report into four parts. In the first two, we discuss the trading behavior of whales in the two halves of the week. In the third part, we review the activity of Bitcoin ETF investors. Finally, in the fourth part, we address the most recent movements to evaluate possible future behavior.

First half of the week.

Second half of the week.

Behavior of Wall Street whales.

Most recent business movements.

First half of the week

During the first half of the week, whale wallet activity experienced a sharp rise. This was manifested in the roughly half-dozen Bitcoin price ATHs during Monday and Wednesday.

In these three days, large amounts of BTC left centralized exchanges. At the same time, tens of millions of dollars worth of stablecoins entered these trading platforms, according to data from WhaleBot Alerts . The latter is a clear sign of buying intent.

Among the most notable cases of accumulation movements are the huge flows of USDC to Coinbase. On a much larger scale, millions of USDT entered Binance. Two transactions of more than 1,500 BTC left the same exchange on Monday alone.

On the same day, huge transactions were made on Bybit, one of them for 4,119 BTC. Tuesday was a bit more mixed, while on Wednesday the outflow of BTC from exchanges continued in the early hours.

Second half of the week

During the second half of the week, the activity of Bitcoin whales was diametrically opposed. In that sense, the price of the largest cryptocurrency reflected the decline in investor optimism. Wednesday was a mixed day with accumulation movements in the first hours and movements of intention to sell later.

From there, a greater number of movements towards exchanges became evident. This last reality extended throughout Thursday and Friday. Despite this, the price of BTC did not suffer a crash.

These are some of the notable transactions of the second half of the week. On Wednesday afternoon, two transactions entered Okex, one to Bybit and two to Binance, totaling almost 10,000 BTC. One entered Coinbase for 4,000 and another for 3,501 bitcoins. One entered Bitstamp for 4,500 BTC.

One of the largest transactions was 10,189 BTC to Binance on Thursday.

Behavior of Wall Street whales

In the Wall Street whale camp, although they do not buy BTC directly, their impact on the market is considerable. These large investors reflected exactly the same behavior. Thus, in the first three days of the week, the flows were enormous.

However, on Thursday and Friday, exchange-traded funds saw significant outflows. As for trading volume, it exceeded $21.2 billion, of which 68.66% was with BlackRock's IBIT ETF. All of this data was taken from the Trading Different portal .

In total, flows in the first half of the week amounted to $2.337 billion. Meanwhile, withdrawals in the combined sessions of Thursday and Friday amounted to $588 million.

Most recent business movements

As you can see, this week was a very active one for Bitcoin whales. The spectre of a possible correction is causing concern among investors. Below we present the most recent transactions of the whales.

Based on these movements, we can get a rough idea of what the market will look like next week. In the last few hours, there have been around half a dozen transactions of between 400 and 500 BTC to exchanges. There are also 6 individual shipments of between 800 and 1,200 BTC to these platforms.